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?

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’s
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family
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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
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apply
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indicates their social classes. As a person’s wealth is measured by his or her possession in
the
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apply
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society, owning a
house
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
, 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
resident
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residence
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allows
to
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one to
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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
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
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for
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families and individuals by staying
at
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in
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one
place for many decades. For these reasons, most
people
prefer to own
the
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a
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house
. All in all, the trend that
people
prefer
home ownership
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homeownership
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rather than renting accommodation brings
positive
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a positive
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effect
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effects
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due to its advantages.
Firstly
, buying a
house
is
one
of the best investments which offers financial
benefit
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benefits
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in
a
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the
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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 ownership
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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
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instalment
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installment
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instalments
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for
property
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a property
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loan
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loans
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always returns a value over years as the
house
will become
one
’s own after
loan
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the loan
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term
ends.
Therefore
, regular payment for own accommodation is like
long
Correct article usage
a long
show examples
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.
Also
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,Also
show examples
the facts that gaining the profits and being able to save money in
long
Add an article
the long
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term
, proves that it is a very positive situation.
Submitted by jimmehan3 on

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