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 a positive or negative situation ?

In the contemporary era, a number of
people
tend to buy their own
house
rather than rent an apartment. There are various reasons behind
this
trend and which will be
further
discussed in the following paragraph
also
, I believe it is a negative trend.
To begin
with, a majority of
people
want their own
house
to live in because there are so many factors behind
this
.
First
of all, owning a
house
provides a sense of security and,
moreover
, a
house
is the
first
priority of any individual. Apart from
this
,
people
do not need to stress about paying rent or any sort of bills.
Besides
this
, they have their own choice of how to decorate the
house
and how to maintain it.
Furthermore
, they do not worry about following any rules and regulations made by
house
owners.
For instance
, many landlords impose restrictions on certain things for their tenants,
such
as how many family members or friends they can call, what time they can come home at night, and so on. So, the tenants have to accept all these rules.
However
, if they have their own
house
,
then
people
can be as carefree as they want.
Hence
, that's why
people
like to buy their own
house
rather than a renting apartment.
However
,
this
is a negative approach because a large section of society lives below the poverty line, so they do not have the money to buy their own
property
.
Besides
this
, one should have a huge amount of money for the maintenance of their own
house
. Another disadvantage is that
people
are frequently required to leave their homes in order to relocate to another location for work.
As a result
, these
people
may find it difficult to buy
property
repeatedly.
For instance
, a survey from Time Now in 2017 stated that 80% of the population lived in rented apartments rather than buying their own, as they said their rental houses were more convenient and cheap.
Also
, the maintenance of the
property
is the responsibility of the landlords. So, these are the points that indicate that
Correct your spelling
owning
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owing
Correct your spelling
owning
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a
house
has a negative trend. In conclusion, buying own
property
provides a sense of security and fulfilment;
however
, working individuals may find it difficult to have their own
house
and maintain it.
Submitted by jk127987 on

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Word Count

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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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