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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Some
people
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would rather live in their own houses
instead
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of renting one in some
countries
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. There are some specific root causes behind
this
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issue
such
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as the economic situation and moving-related problems.
However
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, personally, I think,
this
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situation could bear not only positive aspects but
also
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negative ones. The main reason for owning a
house
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is related to the economic situation.
That is
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to say, lacking economic constancy, some
countries
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are unlikely to control the cost of rental accommodations due to some issues like economic inflation, in doing so,
however
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, the salary of
people
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remains constant, and the cost of renting a
house
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is increased. So, possessing a
house
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is more reasonable in
countries
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with bad economic situations. Take Iran as the most salient example; because of harsh economic inflation not only the salary of employees is steady, but
also
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the price of the rental habitats is soaring annually.
Moreover
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, issues contributing to moving are another compelling reason. If
people
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live in temporal accommodations, they might have to move to a new place which leads to taking many times to seek another residence, and
also
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the furniture and appliances of them are likely to damage in the process of the moving.
Hence
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, they have to substitute them with new ones.
On the other hand
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,
this
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issue can contain both negative and positive situations. On plus side, owning their residence can guarantee the rest of their life
instead
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of paying rent to a
house
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they can afford for other aspects of their life;
for example
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,
people
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bearing their accommodation can put their concentration on education or recreation.
Also
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, the downside of
this
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issue is referred to that competition will be made as long as every individual intends to bear their residence and the prices of houses increase rivalry. Put simply, the more demand for buying a
house
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, the more increasing the prices of that.
As a result
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,
this
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makes a huge gap between what
people
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intend to bear and how much they afford to spend. In conclusion, it is my firm conviction that owning your
house
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is a better choice for
people
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who want to live in
countries
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with bad economic,
however
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, its negative and
also
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positive issues are considerable.
Submitted by noorihaniye69 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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