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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Selecting a place to live in is a big decision to make. In some parts of the world, people value their own accommodation because it is a sense of achievement rather than renting which could not save money in the long run. From my perspective, house ownership is a natural human desire.
First
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and foremost, many individuals seek to own their personal house where they could live with peace of mind.
Although
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they may struggle to acquire it, many people tend to purchase homes as per their needs.
For instance
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, in many western countries, people mortgage and take loans from banks to purchase
property
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the property
a property
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. Whereas, living as a tenant, not only one must have to abide by the rules and regulations set by the landlords, but
also
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individual can not renovate or repair according to his need.
Thus
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, it is imperative to have a
home
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where one can live peacefully.
Nonetheless
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, I believe that having a
home
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has many positive aspects
such
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as it gives freedom in doing many things. Persons will not get bound to anyone's rules and regulations and owners have the opportunity to renovate frequently. Taking myself as an example, when I was living in the suburbs of Auburn, Sydney, I cannot even move a refrigerator from the kitchen to another place, so having personal accommodation is necessary to thrive in society.
Furthermore
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, the sense of satisfaction can be felt in our own building which could be missing in renting an apartment so,
this
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will make the owner feel more relaxed.
Hence
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, owning a
home
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gives satisfaction. To sum up, a place to live truly depends on the dwellers either if they live as a tenant or have their own flat.
However
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, renting a
home
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could not save finances while ownership can save money.
Submitted by poison.ivy.2010 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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