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?

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