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?

It is believed that owning real

estate

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property

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is more significant than renting. In my opinion, having your own

house

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is essential for survival and must be acknowledged as a positive trend.

Firstly

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, it is a common belief that possessing a real

estate

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property

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is essential

,

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apply

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because it can be set up for

rent

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and generate revenue that covers a lot of financial necessities that the owner of

this

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property

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may have.

In other words

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, owning a

house

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and

further

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making it available for

rent

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is similar to owning

business

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a business

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that provides some stable income.

For instance

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, many people across the world use

this

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scheme that includes buying an already built or renovated

property

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through mortgage or loans,

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and make

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make

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making

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rent

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available for

this

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property

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,

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thus

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and thus

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using money acquired through

rent

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to cover the mortgage financial debt.

Secondly

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, I believe that owning

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house

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a house

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is a positive trend, and I would not prefer to pay for

rent

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until

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for

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the rest of my life. In my perspective,

this

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is beneficial, because

property

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can later be gifted to children,

thus

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they will not have to be bothered with financial debts and

minimizing

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minimise

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expenses in order to save up money.

For example

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, many Chinese families often own multiple real

estate

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properties by the end of their careers and parents of these families often pass these houses to their younger generation that can take advantage, set these properties up for

rent

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and get enough money to pay for education, live stress-free from financial burdens. In conclusion, owning real

estate

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prevails over renting, because a

house

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can be used as a tool for boosting stable income. In my perspective, having real

estate

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properties is

also

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beneficial, because these houses can be passed down to generations ahead.