In some Countries, owing 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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Having a good place to live
in
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apply
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entails making crucial decisions
of
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about
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whether
renting
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to rent
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or
buying
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buy
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a
property
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. In many parts of the world, buying a home is very essential than leasing for two reasons.
First,
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it is cheaper and
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second
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secondly
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,secondly
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it provides a
sense
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of ownership.
This
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essay will
further
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discuss these reasons and why
this
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is a positive situation. In some countries
such
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as Australia, renting a
house
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is cheaper than leasing one. Statistics
indicates
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indicate
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that paying rentals can cost about $800 per week. But paying for
mortgage
Add an article
a mortgage
the mortgage
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of $800,000 can save a fair bit of
money
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every year.
On the other hand
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, spending
money
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on rentals does not build equity it only helps pay off the
property
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owners’ mortgage.
Although
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expensive it may be,
owing
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owning
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a home is a better option that ends up being cheaper in
a
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the
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long run.
Secondly
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, living in a home
that is
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yours provides a
sense
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of satisfaction of possessing
a
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apply
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property
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.
This
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also
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means that
people
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are free to do whatever they wish to make it a dream
house
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.
For example
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, they do not have to worry about the lease contracts, bond payments and other costs associated with renting.
Additionally
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, it provides a
sense
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of security knowing that the apartment is yours and do not have to worry about eviction notices. Having a
property
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gives full control and helps with having
a
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apply
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peace of mind. One of the reasons why
this
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situation benefits residents is that it forces them to save up
money
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. Thinking about buying an apartment or
house
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motivates
people
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to get
finances
Correct pronoun usage
their finances
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in order. They gain the discipline
that is
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required to stick to a budget to be able to save the needed down payment. To illustrate, a recent study shows that
property
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owners have better saving habits. Most of the landlords pay more than they are required on their mortgage.
However
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, being the owner of a
house
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allows
people
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to shift their focus from saving for the month’s rent to saving for the future. In summary, many
people
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around the world choose to purchase their accommodation. Not only does
this
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provide a
sense
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of ownership but
also
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it is cheaper.
This
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is a positive situation because it allows
property
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owners
save
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to save
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more
money
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than they could if paying rentals.

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Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

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...do you agree or disagree?...do you think...?...your opinion...?

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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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