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?

All in all, homeownership is often touted as a way to build wealth. But like any other investment, many factors can positively or negatively affect the process of buying or renting a house.
However
, I am a staunch believer that acquiring a
property
is largely a positive development and
best
Correct article usage
the best
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investment. In
this
essay, both questions, and my point of view will be demonstrated. To embark on, possession of an asset
such
as an apartment is a paramount part of life.
In other words
, a house is a fixed asset whose value will soar over time, and owning a residence brings intangible benefits
such
as a sense of stability and pride of ownership, improving the financial position, and enhancing social standing.
For instance
, in some countries
such
as Egypt, people who live in rental homes are considered poor.
Thus
, what can be said is that most individuals tend to acquire a private dwelling whatever the area
which
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in which
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they live in.
Moreover
, most members of society prefer to buy accommodations rather than leases to avoid the lease impacts. To illustrate, owning a home will not only ensure stability and increase net wealth for families but
also
avoid many demerits which will be arising from leasing contracts
such
as the burden of monthly
payment
Fix the agreement mistake
payments
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for landlords.
In addition
, there are many positive aspects to having a
property
.
For example
, the ability to pass down the
property
to their children.
Hence
, Renters do not have the opportunity to make long-term investments in their
property
, but homeowners get to capitalize on their home’s equity. In conclusion, after
this
essay has manifested the above-mentioned points, it can be reiterated that possessing a dwell positively enhances different aspects of human life.
Therefore
, I am convinced that individuals who can afford to buy a home should do it.
Submitted by mohammedlotfy2010 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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