In some parts of the world,
people
think that possession of a property is crucial
instead
of renting a living place.
This
situation is compounded by two factors: having higher self-esteem and having
family’sChange noun form
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stability. In
this
essay, I’ll explain that
this
is a positive situation because it offers long
term
profit to the owners and
also
helps them to save money.
House
ownership not only gives the
people
self-satisfaction but
also
it Correct pronoun usage
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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
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society, owning a
house
brings dignity
inChange preposition
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communityAdd an article
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.
For instance
, 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
, living in an own
residentReplace the word
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allows
toCorrect pronoun usage
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sleep soundly because
one
doesn’t need to worry about uncertain situations that the landlord might not want to rent out anymore or might increase
rentalAdd an article
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priceFix the agreement mistake
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beyond the affordable limit. Having no external force or reason to move out, there is stability
toChange preposition
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families and individuals by staying
atChange preposition
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one
place for many decades. For these reasons, most
people
prefer to own
theCorrect article usage
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house
.
All in all, the trend that
people
prefer
home ownershipCorrect your spelling
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rather than renting accommodation brings
positiveCorrect article usage
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effectFix the agreement mistake
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due to its advantages.
Firstly
, buying a
house
is
one
of the best investments which offers financial
benefitFix the agreement mistake
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in
aCorrect article usage
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long run as property values usually rise over time. According to the reports,
house
prices have been increased over the
last
decades and the experts are expecting that it will continue in the coming years as well.
Secondly
,
home ownershipCorrect your spelling
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provides financial security. Compare to spending money on monthly rental
feeFix the agreement mistake
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, paying monthly
Change the spelling
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installmentCorrect your spelling
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for
propertyCorrect article usage
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loanFix the agreement mistake
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always returns a value over years as the
house
will become
one
’s own after
loanAdd an article
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term
ends.
Therefore
, regular payment for own accommodation is like
longCorrect article usage
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term
saving.
In conclusion, owning a home
instead
of renting
one
is very important in some countries because it reflects
people
’s social status and offers stable life.
the facts that gaining the profits and being able to save money in
longAdd an article
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term
, proves that it is a very positive situation.