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?

In some parts of the world,

people

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generally choose to buy a

home

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rather than

rent

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one

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.

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essay will explore the reasons why that happens and suggest that it is neither a positive nor negative situation. All around the world, it is common for

people

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to want to own their

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home

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homes

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. There are various possible reasons for

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, but

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significant factor is the financial aspect.

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it can be uncertain due to the unpredictable nature of the economy, investing in real estate is generally considered to be a wise move because houses typically increase in price over a long period of time. Considering that

people

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need a place to stay

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and that banks will provide mortgages for only slightly more than the cost of

rent

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in many places, it

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makes a lot of sense for

people

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to buy a

home

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rather than continue to pay for something that they will never own. An example is that

one

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couple might spend a thousand dollars per month renting a

home

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while another couple spends that same amount of money buying

one

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. After a decade or two, they will have spent the same amount of money but the ones who own their house will have a valuable property to sell. There are numerous factors to consider in deciding whether

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is a good or bad choice, and ultimately it depends upon the

people

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in question. The investment aspect is certainly a positive factor to consider, but

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,equally

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rent

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provides a degree of flexibility.

People

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who

rent

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a

home

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can move every few years if they choose. They

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do not need to worry about the cost of maintenance or losses due to a disaster. As

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, it really depends

whether

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on whether

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people

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care more about investment or freedom of movement. In conclusion,

people

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differ in their attitudes towards buying and renting properties, and indeed there are both positive and negative factors to consider. Ultimately,

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is a matter of personal preference.