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

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In some parts of the world,
people
Use synonyms
think that possession of a property is crucial
instead
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of renting a living place.
This
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situation is compounded by two factors: having higher self-esteem and having
family’s
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family
show examples
stability. In
this
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essay, I’ll explain that
this
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is a positive situation because it offers long
term
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profit to the owners and
also
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helps them to save money.
House
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ownership not only gives the
people
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self-satisfaction but
also
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it
Correct pronoun usage
apply
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indicates their social classes. As a person’s wealth is measured by his or her possession in
the
Correct article usage
apply
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society, owning a
house
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brings dignity
in
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to
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community
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the community
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.
For instance
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, if a person can afford to buy a million-dollar mansion, his or her social status is defined as a millionaire in the community.
Furthermore
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, living in an own
resident
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residence
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allows
to
Correct pronoun usage
one to
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sleep soundly because
one
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doesn’t need to worry about uncertain situations that the landlord might not want to rent out anymore or might increase
rental
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the rental
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price
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prices
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beyond the affordable limit. Having no external force or reason to move out, there is stability
to
Change preposition
for
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families and individuals by staying
at
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in
show examples
one
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place for many decades. For these reasons, most
people
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prefer to own
the
Correct article usage
a
show examples
house
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. All in all, the trend that
people
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prefer
home ownership
Correct your spelling
homeownership
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rather than renting accommodation brings
positive
Correct article usage
a positive
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effect
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effects
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due to its advantages.
Firstly
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, buying a
house
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is
one
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of the best investments which offers financial
benefit
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benefits
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in
a
Correct article usage
the
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long run as property values usually rise over time. According to the reports,
house
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prices have been increased over the
last
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decades and the experts are expecting that it will continue in the coming years as well.
Secondly
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,
home ownership
Correct your spelling
homeownership
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provides financial security. Compare to spending money on monthly rental
fee
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fees
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, paying monthly
Change the spelling
instalment
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installment
Correct your spelling
instalments
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for
property
Correct article usage
a property
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loan
Fix the agreement mistake
loans
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always returns a value over years as the
house
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will become
one
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’s own after
loan
Add an article
the loan
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term
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ends.
Therefore
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, regular payment for own accommodation is like
long
Correct article usage
a long
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term
Use synonyms
saving. In conclusion, owning a home
instead
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of renting
one
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is very important in some countries because it reflects
people
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’s social status and offers stable life.
Linking Words
Also
Add a comma
,Also
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the facts that gaining the profits and being able to save money in
long
Add an article
the long
show examples
term
Use synonyms
, proves that it is a very positive situation.
Submitted by jimmehan3 on

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Linking words for giving examples:

  • for example
  • for instance
  • to illustrate this
  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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