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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It is commonly believed that being a
house
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owner rather than a renter is significant in some countries. The reasons for
this
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condition are discussable. In my opinion,
although
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having a dwelling can bring some advantages, it
also
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poses certain disadvantages. Admittedly, owning a home can be an indicator of a successful
life
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, which is the probable reason why
people
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regard a self-owned dwelling as a major
life
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achievement. Being a
house
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owner can have a better sense of security. Without self-owned habitation,
people
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would face the possibility of being forced to pay more rental fees or to move.
In other words
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, living in an own home means having control of own
life
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to some extent.
Secondly
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, a personally owned accommodation can stand for insurance of the property. It can be seen as a self-investment to pay the
house
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loan to the bank, rather than the rental fee to the landlord.
However
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, the drawbacks of owning a
house
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cannot be ignored.
First
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of all, according to the developing economy, the future value of everything is unpredictable. It cannot be ensured by anyone whether the
house
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will be worth the same after years of paying for the loan, while the changeable rental fee might reflect the true value of the dwelling, keeping up with the time. Another demerit of owning a
house
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is that the more reliable a self-owned dwelling is, the
fewer
Correct quantifier usage
less
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freedom
people
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can have in their
life
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.
People
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who rent houses can live their
life
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more flexible, being a digital nomad or worldwide traveller
for example
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, without the pressure of the loan or maintenance work of a self-owed
house
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. In conclusion,
although
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it is understandable that having a personal accommodation is vital, I maintain the view that it is a double-edged sword, and the negative impacts cannot be disregarded.
Submitted by z.yu1997 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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