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?

After a busy day,
home
is the most comfortable place, where we take refuge there. Regardless of governmental and residential policies, economic status determines whether to buy or rent a house. People prefer to buy a house since it gives them freedom.
In addition
,
home
purchasing has financial benefits and provides stability. Owning a
home
offers freedom. Renters are subject to the landlord’s rules and restrictions. Meanwhile, owners are free on what they can do with the property. They can increase the
home
value by adding new options and features. But, renters are tied to the property and generally are not allowed to make any modifications.
Also
, buying a
home
has financial benefits in the long term.
Although
mortgage costs overtake rental costs, after years, the property generates benefits.
Home
net worth increases annually, as the inflation rate adds value to estates. When prices are rising continuously, the earlier
home
is purchased, the cheaper it is.
Also
, owning a
home
provides stability. Owners can stay in one place as long as they want and are not under the whims of landlords. As owners live for a long time in a particular
neighborhood
Change the spelling
neighbourhood
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, they become familiar with places and
neighbors
Change the spelling
neighbours
show examples
. A friend of mine has to move to different homes annually. She always complains about strange people and unfamiliar places bring a sense of instability.
According to
the country's status, people decide whether to buy or rent a house. Owning a
home
has many advantages and is considered a positive situation since it is affordable and brings stability. I hope every renter can afford to buy a comfortable
home
.
Submitted by omidateur 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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