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 many parts around the globe, self-owned accommodation is very crucial compared to a rented
house
.
This
might be due to the fact that people can feel much freedom in their own flat
in contrast
to the rented
one
.
This
essay will discuss both the positives and negatives of owning a
home
than living in other houses and will provide an overall opinion. Are there myriads of benefits of owning a flat? Certainly, there are.
First
of all,
one
can avoid the burden of high monthly rental payments.
That is
,
one
has to pay a significant amount of
house
rent, on the basis of the facilities offered, say, parking facility, size of the
house
, and so on. In
this
way, they lose a significant amount of their salaries for
such
a facility if they reside in a rental
home
.
Secondly
,
one
can enjoy independence in his/her
house
.
That is
to say, no
one
can forcefully imply any rules and regulations,
for instance
, return
home
before midnight, don’t be loud at any events, and many more on the owner of the
house
.
Therefore
, a
house
owner can feel free to do whatever they want. Are there any downsides to purchasing a
house
? Of course, it has. Perhaps the most important drawback of a flat purchase is it requires a
one
-time investment. A good illustration of
this
is flat owners have to pay a significant amount of downpayment ranging from 10,000 USD to 20,000 USD to claim ownership. If they could do so, they would suffer from liquidity. Another important point is that in some countries, say, Bangladesh, India, and so on
home
loan is not available.
As a result
, it would be a much more ambitious dream for ordinary people to purchase a new
house
. In conclusion, it might be said that a person who lives in their own apartment enjoys several benefits, say, free from rent, self-independence, etc. even though it requires large down payments without having loan facilities. I believe it is a negative development.
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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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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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