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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In some societies,
people
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prefer to have or buy a
home
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instead
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of renting.
This
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could have several reasons some of which will be mentioned here.
Also
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, I totally disagree with that, and I think the disadvantages outweigh the advantages.
Firstly
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,
people
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have a tendency to buy homes because
this
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can be a kind of investment. In fact, by buying a
home
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they try to save
money
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instead
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of financial fluctuation or financial crisis.
For example
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, Iran does not have a good financial situation, and every day the worth of the Iranian currency decline.
Thus
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people
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buy
money
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to prevent the decline in their wealth.
Secondly
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, if you rent a
home
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you should leave a rented
home
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and find a new
one
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.
This
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could be boring for a lot of individuals, so they prefer to buy a
home
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and live in
one
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place.
On the other hand
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, buying a house need a lot of cash.
In other words
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,
this
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can make you put all of your saved
money
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into buying.
Therefore
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, you do not have any budget to invest in other things, and you cannot earn
money
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.
For instance
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,
last
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year my father have a lot of cash and bought a
home
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for investment. So, he put all of his
money
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and it did not have any profit for him. For an alternative, I think he could buy gold or cars and earn
money
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. In conclusion,
people
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for investment or avoid transport from
one
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home
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to another
one
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every day, they prefer to own a
home
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. But according to my experiences, I think it could be better than renting a
home
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and investing your budget in different things because
this
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helps you to make more profit.
Submitted by moradkhanighane 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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