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 posetive or negative situation.

Owning a home can be a very expensive and burdensome process,
however
,
people
still prefer buying their own
house
instead
of renting
one
in some countries. In
this
essay, I will explore the reasons why
people
choose to buy a
house
rather than rent
one
. I think
absolute
Add an article
the absolute
show examples
preference
for buying over renting causes a negative impact on
the
Correct article usage
apply
show examples
society.
One
of the reasons why in some countries
people
would prefer
house
ownership
is because it shows stronger economic power.
First
, the housing price is high, take Taipei, Taiwan as an example, it will take 100 years for someone with a medium salary to save enough money to be able to purchase
one
.
Therefore
, the ability to own a
house
demonstrates an exceptional ability to earn more than average
people
.
Also
, it shows the ability to provide food and shelter for a family.
Second
, since
house
ownership
demonstrates above-average abilities, in some cultures,
house
ownership
becomes a criterion for marriage. I think the absolute
preference
for owning a
house
over renting causes a negative impact on society. It drives the real estate price unreasonably high due to demand and supply. Since
people
naturally want to gain better societal status by showing they have above-average abilities, everyone would want to buy a
house
.
However
, the land is always limited to building
Add an article
a house
the house
show examples
house
Fix the agreement mistake
houses
show examples
, as the demand increases, same as the housing price.
This
preference
also
pressures young
people
to bear the unnecessary burden to buy a
house
in order to get married even if
this
pressure could eventually result in unhappy marriages. Overall,
house
ownership
shows a better societal status and stronger economic power in some cultures which
motivate
Correct subject-verb agreement
motivates
show examples
house
ownership
. I think
this
preference
produces a negative impact on society and should be corrected.
Submitted by joannecysun on

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Topic Vocabulary:
  • homeownership
  • equity
  • financial security
  • status symbol
  • investment
  • real estate
  • property value appreciation
  • asset
  • community
  • belonging
  • renovation
  • customization
  • socio-political aspects
  • stability
  • permanence
  • rental uncertainties
  • life satisfaction
  • control over living conditions
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