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?

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Real estate is very important nowadays for citizens. While the countries investing in new units for youth, many younger generations prefer to buy flats
instead
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of renting. I believe that investing in houses is supporting the country’s economic progress. The reasons behind
this
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will be presented in the following lines. To Embark on, governments are supporting the new investors
especially
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,especially
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in the constructure market n other words, if families invest more in the country’s projects,
then
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public funds would be a support for the whole economy.
For example
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, in
Egypt
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,Egypt
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the prices of real estate have soared after the devaluation of the pound, and many
resort
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resorts
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to flats and villas as a safe investment.
Therefore
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, it can be said that housing is an era-concerning problem.
However
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, despite the financial revenue of owning a flat, is not the best choice. To illustrate, when investors allocate a fortune for a villa, they will not have the luxury to move around since they have frozen their liquid money in real estate.
This
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can be seen in Dubai where many businessmen prefer renting to have the mobility of relocating from one place to another,
although
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they can
afford
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toafford
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buy a flat or even a twin house.
Hence
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, not only can renting help businessmen, but it can
also
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be a viable solution for young couples who cannot buy a flat to start their family life. In conclusion, after
this
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essay has shown the reasons why
its
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it's
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important to invest in apartments, I am convinced that rent can be a great choice for investors who need liquid money.
however
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, buying a house is the best option for youth who wish to keep their money safe.
Submitted by pavictoria06 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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