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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In the current era, the issues of over-population and urbanization have brought a new point of view to citizens. In some societies, the thought of possessing a home is contemplated to be of greater importance compared to the rental one. In my opinion,
this
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circumstance presents many negative aspects.
First
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of all, the thought of possessing a
house
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is considered to be a sense of achievement in many cultural roots. Specifically, settling down is inherent in certain individuals’ minds,
hence
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the instability of renting a place might be a cause of concern for many. In terms of spirit, purchasing a
house
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is considered a major life milestone, supporting to improve the quality of living standard.
Secondly
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, investing in a property is considered to be a profitable option by many citizens. With the ever-expanding real estate market, there are more and more housing projects being advertised on the news, with a wide range of prices to choose from.
Moreover
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, the value of
such
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assets might increase in a few years,
thus
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many individuals might find it appealing to invest in properties. It is possible to argue that the importance of having a home is detrimental to the mind. In terms of motivation, the existence of the described attitude is advantageous;
nevertheless
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, I think
this
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trend can be able to bring serious consequences.
In particular
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, purchasing a
house
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in a large city takes more than just hard work, especially in cities where real estate values are unreasonably exaggerated. Ho Chi Minh City, Vietnam's largest city, is a notorious example because the land was densely populated.
As a result
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, everyone has to buy their own private building, which can lead to economic pressures. I believe that the combination of extreme stress and the internal strain caused by the battle to make ends meet has a significant negative impact on mental health. To summarize, the argument is that owning a private
house
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rather than renting one is more significant for people due to valuable assets and profitable investments. When a man purchases with a mortgage well beyond his repayment capabilities,
however
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, it could certainly become a terrible situation.
Submitted by trankhanhnhi 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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