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

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When property issues become a hotly debated topic, having a house for some societies is a preferable notion
than
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to
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just renting one. As a way to explain
this
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trend, I will try to elucidate why it can exist.
Furthermore
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, as my consideration, I assume that
this
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phenomenon is a positive case which will be detailed later.
To begin
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with, there is a paradigm that having an estate is an excellent determination in the
monetery
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monetary
ecosystem. It happens because its price increases constantly,
in other
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words
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,words
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this
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is a production activity from the
economics
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economic
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view.
However
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, renting an apartment is just a consumption occasion because money is just allocated without any result in the future.
Consequently
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, people can have a perspective that they can be
fortune
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fortunate
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via
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by
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dropping their preference
into
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for
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owning settlements.
For instance
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, several families in my communities construct owned
building
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buildings
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as their
preferences
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preference
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rather than rent to make a profit. Turning to my paradigm,
this
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might be an exceptional development when we see it from the economics sights. As a pertinent explanation, people can avoid high inflation as a part of financial
issue
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issues
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due to
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their
accomodations
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accommodation
always
have
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having
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massive
price
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prices
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in the market.
As a result
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, by having owned
accomodation
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accommodation
as an essential investment instrument, citizens can minimize inflation effects on their lives.
For example
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, numerous families in Jakarta did not have serious
implication
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implications
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after
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the monetery
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monetery
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monetary
crisis in 1998 in view of their budget
had
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having
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been saved by owning estates.
To conclude
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, having some constructions is not just about living there with a family but it is
also
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a way to gain
benefit
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benefits
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after several years which cannot be found in renting settlements.
Moreover
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, people can keep away from the
monetery
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monetary
catastrophe effect by owning
building
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a building
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as
an
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apply
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investment
gadget
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gadgets
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.
Submitted by misstiasclassroom on

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Topic Vocabulary:
  • homeownership
  • financial security
  • property appreciation
  • equity
  • mortgage
  • real estate
  • tax incentives
  • fixed asset
  • inheritance
  • economic mobility
  • housing market
  • maintenance
  • upfront costs
  • long-term investment
  • personal space
  • housing bubble
  • rental market
  • housing crisis
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