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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Nowadays, having a
house
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is
one
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of the best investments people must consider.
This
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is very essential as it comes with many benefits. For
this
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reason, I think
this
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is a positive situation. The essay below will discuss the views above at length.
First
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and foremost, renting a
place
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does not mean ownership ,
thus
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, owning a
house
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is very important because of several reasons
such
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as having a
place
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for retirement.
For example
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, a study in Zimbabwe by Lisa Moyo in 2017 found that about 87 per cent of people who were retired from work had no
place
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to call
home
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.
This
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is because during their fruitful years they could not save enough money to buy houses considering the economic situation in the country. In
such
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cases, the government and relatives should intervene and offer a
home
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. Unfortunately, more than half of the individuals do not get help.
Therefore
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, I think it is wise to save and build a
home
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to avoid
such
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situations.
Furthermore
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, a
home
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is an investment for future generations. If parents manage to build a
house
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, it means their children's future is settled
at
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in
show examples
one
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place
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rather than renting where they can be told anytime that the rent contract has expired.
For instance
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, if
one
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owns a
house
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, some of the rooms may be rented out so to get extra income and a lot of projects
such
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as farming chicken can be done without rules from the landlord.
Besides
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the mentioned, when things become tough in life, family members will have a
place
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to stay and not live on the streets.
Thus
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, building a
home
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is the best thing parents and guardians can do for the generations to come. In conclusion, I think buying a
house
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is far much better than renting
one
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because it comes with many benefits
such
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as having a
home
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after retirement and settling a future for the whole family for good. These and other issues are discussed above.
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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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