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?

In some countries, one of the issues that are concerned about is the
place
of settlement.
This
leads to the claim that it is very important for
people
to own a
house
instead
of renting it. I believe that the owner has particular benefits from having a private
house
. One reason is that
people
who have
house
ownership help them save long-term financial benefits. When they own a home,
people
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
, in
place
of having to spend about 200 USD to pay
rent
in Ho Chi Minh City every month, they use it to invest in some other area
such
as business or investment.
Thus
, owning a
place
to live can reduce the financial burden for homeowners. It might be claimed that the mobility of renters benefits society.
This
argument states that it creates jobs for the real estate industry, the more
people
rent
, the more it meets the needs of the market.
For example
, when Novaland real estate builds an apartment complex, they desire to have many customers buy or
rent
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
,
people
renting houses can solve most of the employment problems for the state.
However
,
this
place
argument oversimplifies the issue. Buying a private
house
gives the owner a sense of belonging to the area where they live and can feel more comfortable with the environment,
people
, and surrounding facilities when living in one
place
for a long time.
Furthermore
, when owning a home, the landlord does not have to pay petty expenses or worry about the
rent
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
,
people
often save a lot of costs and easily develop their lives by using familiar environments and amenities. If
people
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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