In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?

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In some countries, one of the issues that are concerned about is the
place
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of settlement.
This
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leads to the claim that it is very important for
people
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to own a
house
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instead
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of renting it. I believe that the owner has particular benefits from having a private
house
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. One reason is that
people
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who have
house
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ownership help them save long-term financial benefits. When they own a home,
people
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do not need to worry about certain costs to pay for a fixed period and they can set aside a considerable amount of money to develop other plans for themselves.
For example
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, in
place
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of having to spend about 200 USD to pay
rent
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in Ho Chi Minh City every month, they use it to invest in some other area
such
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as business or investment.
Thus
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, owning a
place
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to live can reduce the financial burden for homeowners. It might be claimed that the mobility of renters benefits society.
This
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argument states that it creates jobs for the real estate industry, the more
people
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rent
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, the more it meets the needs of the market.
For example
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, when Novaland real estate builds an apartment complex, they desire to have many customers buy or
rent
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to be able to collect capital and earn more profit. At that time, the company needed more employees to serve the needs of customers.
Therefore
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,
people
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renting houses can solve most of the employment problems for the state.
However
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,
this
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place
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argument oversimplifies the issue. Buying a private
house
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gives the owner a sense of belonging to the area where they live and can feel more comfortable with the environment,
people
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, and surrounding facilities when living in one
place
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for a long time.
Furthermore
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, when owning a home, the landlord does not have to pay petty expenses or worry about the
rent
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often increasing over the years depending on the deal and the volatility of the rental market. To conclude, each individual having a home of their own is necessary. By owning a
house
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,
people
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often save a lot of costs and easily develop their lives by using familiar environments and amenities. If
people
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own accommodation, it can help them mentally secure and avoid unnecessary risks.
Submitted by trankhanhnhi on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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