In some countries, most people prefer to rent their homes rather than buying them. Why might be the case? Do you think this is a positive or negative situation?

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In some cultures, owning dwellings
such
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as houses, or apartments is preferable to renting them. There are numerous plausible reasons for
this
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belief, and
this
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essay will present them and discuss the positive aspects of owning a home. Historically, owning properties has been associated with status and power.
For instance
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, the rent of homes was used in the past as a form of domination and exploitation of the richest over the poor. Even the English term used to refer to the person that owns a dwelling brings
this
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connotation: “Landlord”.
This
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idea remains nowadays, many people believe that they would reach a higher social status if they had an owned
house
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.
However
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, many people choose to buy a
house
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because it has some positive aspects, which I personally agree with. Owning a dwelling is an extremely valuable and safe investment. Usually, the real estate market suffers from lower fluctuations than the stock market,
therefore
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, it is unlikely that by buying a
house
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a person would lose a lot of money. Indeed, in some cities across the globe, after the COVID-19 pandemic, the real estate business had an incredible valorization.
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, by having your own
house
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, you can apply different renovations to adapt to your lifestyle, which usually is not possible in rental properties.
Finally
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, when we buy a
house
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not only is it a safe investment for ourselves, but
also
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for our relatives, as
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type of propriety can be in families for many generations. In conclusion, in spite of the fact that owning proprieties has some historical controversies, owning a
house
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is a valuable asset and on no account should we let these precepts of the past shame people of acquiring dwellings.
Submitted by mayara_bastos on

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Topic Vocabulary:
  • financial flexibility
  • upfront capital
  • long-term commitment
  • economic uncertainty
  • property market
  • lifestyle choices
  • maintenance
  • repairs
  • job mobility
  • amenities
  • social mobility
  • economic opportunity
  • equity
  • instability
  • transient lifestyle
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