In some countries owning a home rather renting one is very important for people Why might this be the case? Do you think this is a positive or negative situation?

Nowadays, some individuals tend to have their own
house
compared to renting a home and it is regarded as the main task.
This
essay discusses the reasons for
this
and why I believe it brings merits. There are two main reasons why owning a
house
is considered to be of high importance.
First
of all, monthly rent is growing up to impact tenets' lives.
In particular
, if they live in major cities
such
as London or New York, the payment will be burdensome for their cost of living. Another reason is that a family needs a stable place.
This
is because the key factor
which
Correct pronoun usage
apply
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is to
rise
Correct your spelling
raise
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children
and
Correct word choice
so
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they can have safe rooms for playing or studying. It makes families more harmonious to gather whole members of a family.
For instance
, every time parents return to their family home it reminds their children of all the fun times in
there
Correct your spelling
their
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place. By owning a
house
, folks can be seen as leading to positive outcomes.
First
, the stability
that is
possible to provide to families is paramount to social stability. When the bonds between family members are strong,
this
alleviates problems
such
as isolation and depression.
This
is because when people are surrounded by their family, they feel loved.
In addition
, property owners build equity in their houses, and
this
asset them to retire comfortably. There are
also
better placed to ride out any financial hardship.
For example
, during
this
current pandemic, people who lose their job but have their own
house
Fix the agreement mistake
houses
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will not be evicted due to being able to pay rent. In conclusion, for the reasons aforementioned, the motivations behind
home ownership
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homeownership
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are a desire for an exuberant family environment and a way of investment.
This
is
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in
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my view, highly beneficial because it results in a strong part of financial power and social cohesion.
Submitted by voice3943 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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