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 ?

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

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Your opinion

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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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