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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Owning a
home
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is somewhat considered
as
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apply
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one of the most prominent milestones in a lifetime. There are some engenders behind
this
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perception.
This
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disquisition will delve into several major reasons, and
subsequently
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, will show my perspectives on
this
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occurrence. The root of
this
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comes from the intangible and tangible value owning a
house
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brings. As you pay an enormous amount of money for
this
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homeownership, you can personalize your
home
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and gain control over maintenance, which is utterly absent in renting.
As a result
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, the owners get a sense of stability against adverse events,
such
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as inflations, rising rentals, and relocation.
Additionally
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, a property is an excellent investment in real
estates
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estate
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. With the rapid growth of population and economy,
people
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tend to migrate from rural areas to metropolises in search of jobs and better
life
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living
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standards, which drives real estate prices skywards;
this
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opens up life-changing opportunities for many.
Hence
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, some
people
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prioritize purchasing a
home
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above leasing despite
large
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the large
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loans they have to apply for. It is entirely subjective to decide whether
people
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should buy a
house
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or not as
this
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depends on
financial
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the financial
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situation, personal goals, and lifestyle. Investors holding enough financial
powers
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power
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would spend a large portion of their portfolios on
this
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sector because real estate seems to be the safest and most potential channel. The property is now a kind of an asset to them.
Also
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, some
people
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who prefer stability, desire
a
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pride of ownership, and are willing to take responsibility for all repairs and maintenance including costs may want to own an apartment.
Otherwise
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, young
people
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who
is
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are
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still struggling with financial problems, or
prefers
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prefer
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flexibility should consider renting an apartment as regular upkeep may be costly and relocating is easier. If financially
uncapable
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incapable
people
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blindly commit
buying
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to buying
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a
house
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, the
house
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may turn into a liability, a burden that deteriorates their life quality significantly over an extended period. In conclusion, owning a
home
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is innately desirable,
however
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, I personally think positive or negative impacts of ownership are conditioned to aspects of
incomes
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income
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, expenses, and preference.
Submitted by NHD 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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