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 ?

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