In some countries, owning a home rather than renting one is very important for people. Why might be the case? Do you think this is a positive or negative situation.

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Nowadays, in some regions, sometimes it is thought that it is vital for
people
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to have their own
home
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rather than live in a rented
home
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.
This
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essay will provide reasons why it is important to live in own
home
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and give my opinion about
this
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situation in the upcoming paragraph.
Firstly
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, I would like to mention why it is essential to have a
home
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for
people
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.
To begin
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with,
people
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who live in a rented house are paying money to the landlord every month. And still, they do have not their own
home
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.
Instead
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of that, if those are spending money to buy their
home
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and giving monthly EMI to the bank.
Hence
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, they have their own
home
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.
Moreover
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,
people
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can build their homes with their own choices.
Secondly
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, I think having their own
home
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is a positive situation for folks. To commence with,
People
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who registered their names in their homes have the benefits to show their property to the Income Tax department.
Therefore
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, they might get some help in taking a loan for their family.
For example
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, if
people
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have their own house with their name
then
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they should able to receive education loans for their children.
Additionally
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,
people
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who have their own homes will arrange functions without any disturbance from others. In conclusion, it is a good thought to have your own house in
this
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era. It has so benefits for
people
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in future life.
Although
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at
first,
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they become costly, in the end, it is a valuable property for them.
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