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 a positive or negative situation ?

It is often said that having bought a home
instead
of renting is considered crucial for
people
in many
countries
.
This
author believes that one reason is responsible for
this
occurrence, and its consequence is about to be debated in the following essay as well.
To begin
with, many
people
tend to assume that buying a house would benefit them more than monthly paying rent. The reason is that many
countries
are now experiencing economical instabilities which could make the value of their currency less worthy.
Therefore
, in order to secure their living standards, they prefer to buy accommodation
instead
of renting it.
For instance
, Iran has main issues in the economy right now.
As a result
, most Iranians prefer to purchase living places to secure their living status.
Thus
,
people
desire to buy houses to protect their wealth and living situation.
This
author reckons
this
phenomenon is a positive situation since
this
strategy could actually ensure
people
's wealth since by buying homes, they have prosperities which would remain valuable during the time when the loss of value of the currency is simultaneously affecting
people
's status.
For example
, my friend who lives in Iran saved his money by purchasing a house in 2001.
Consequently
, he has a reliable guarantee for the rest of his life now.
As a result
, it is a convenient strategy to overcome bizarre situations.
Moreover
, it
also
can protect
people
's money. In conclusion, it seems that it is essential in plenty of
countries
to purchase a place to live
instead
of paying monthly rent because many
countries
nowadays are witnessing economical problems and their currencies are less valuable.
Therefore
, by buying a home they could secure their living situations in any harsh situation.
Submitted by nazi.tbt 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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