In some countries,owning a house 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?

Citizens of some countries prioritize gaining accommodation ownership over renting one.There could be several reasons behind
this
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phenomenon and in my opinion,due to the beneficial scenarios that private housing could lead to, I consider it to be a positive trend. It is reasonable to assume that the authority received while purchasing one's own
house
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,and the perks followed after buying tempt the general public to own a private
house
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.If one owns a
house
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,he or she could decorate the place without restraints,whereas in rental houses,owners demand tenents to preserve the default condition.
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owners
also
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have the option of reselling or renting if a specific accommodation area is of no use to them.
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, most owners with excess housing properties would convert themselves into landlords so as to gain extra revenue. Because of long-term benefits, the trend of people pursuing private accommodations could be regarded as advantageous for the future society and
therefore
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,is mostly a positive trend.The
next
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generation could gain a ton from their parents having a solid and fixed place for residential purposes.
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, those owned houses could act as a form of family heritage and youths could focus on more matters for the development of the society
instead
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of concerning about accommodation.
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, the risk of inflation could badly damage tenants financially. In conclusion,the inclination of buying houses can be said to derive from the autonomous properties they can offer.
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, the probability of immense advancements in future societies resulting from owning a private home convinced me to perceive it as a positive situation.

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Topic Vocabulary:
  • homeownership
  • financial security
  • property appreciation
  • equity
  • mortgage
  • real estate
  • tax incentives
  • fixed asset
  • inheritance
  • economic mobility
  • housing market
  • maintenance
  • upfront costs
  • long-term investment
  • personal space
  • housing bubble
  • rental market
  • housing crisis
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