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? Give reasons for your answer and include any relevant examples from your own knowlede or experience.

Over the centuries, human beings have owned their own houses for residence,

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; since rapid changes in the modern world,

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became most of one's dream.

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there are several types of living status

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as renting and leasing were introduced, some people still believe that they must own their home. In

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essay, I will discuss the supporting reasons for

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idea as well as its benefits and problems. It is undeniable fact that it used to be extremely straightforward to own a

house

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if you were hardworking and dedicated to work. Due to wealth being much easily accumulated in the past than nowadays, the main problem with owning a

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is that most people can not afford to buy a

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.

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, to buy a

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, you have to have a certain amount of deposit saved up with you around 10% to 20% of the full price.

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price is excluding the stamp duty and maintenance fees which you must pay added to your

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. It is not a small amount of money you can save at young age especially, since the housing price surged during the pandemic by at least 30% of the value of the

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, which means that if the same

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was sold at $500,000 a few years ago, now it holds at $650,000. In comparison to paying these fees, being a renter is much cheaper and less stressful.

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, it is crucial to have one's own

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as early as possible.

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, being a renter is always on edge and unsecure especially depending on your landlord's decision.

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, if a landlord sells its

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, you may be requested to relocate or your rental fee can be increased without your expectation.

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, the

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market has been the most strong investment with a long history. Owning a

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can increase your opportunities to accumulate wealth due to housing prices can go up.

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to

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, you can rent out your

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if it is no longer necessary. In conclusion, traditionally, owning a home was considered an obvious decision to make,

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,

unfortunately

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,unfortunately

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it is not as easy as it used to be. Renting a

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became more popular because of the high cost of purchasing a

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as well as paying mortgage rates, stamp duty and maintenance fees,

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it can restrict your residence within the country.

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, It is still essential to own your

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because renting is insecure and the

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market is prestigious with potential growth of your money.