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 developed countries, some
people
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consider owning their own
home
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over renting.
Therefore
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, having a self-owned
home
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will bring several benefits. From my perspective, it is a positive need, which helps
people
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to invest in the future.
To begin
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with, the benefit of
this
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desire is a need for stability and peace. Owning a
home
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, they are not only able to spend their money
for
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on
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houseware, and garden more freely but
also
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consider different employment without the fear of becoming homeless.
Moreover
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, having a
home
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lends an air of peace and comfort.
Besides
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that, older
people
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and children prefer to live in a house where they might talk to
the
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their
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neighbors
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neighbours
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and friends.
In addition
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, owning a
home
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is seen as an investment. In recent years, property prices
generally
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have generally
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rise
Wrong verb form
risen
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, so real estate can be a safe place to invest your surplus income.
For example
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, house prices in Ho Chi Minh rise by around 4% per annum whereas interest on bank deposits is close to one.
Therefore
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, investment in real property is one good method to earn money in the
long-term
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long term
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and stable.
Nonetheless
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, buying a residence for themselves will cause an economical effect on the pocket. As a person will require a loan for buying it, it will bring more pressure than renting.
For instance
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, rent is paid monthly from the salary, the loan is returned with some down payment.
Thus
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, it will require a large amount of money
initially
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which is not always available
with
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to
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buyers. In conclusion, several
people
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consider having a
home
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beneficial.
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Thus
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This
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, results in providing a stable lifestyle for the public. I think that
this
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has a positive impact on the progress of a country.
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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