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 a positive or negative situation ?

In some countries over the past few decades observed that
people
prefer to buy their own
house
instead
of living in renting one.
This
is because it gives them a sense of achievement and there are
also
many reasons behind
this
achievement.
This
is
also
a most common human desire.
To begin
with, most individual has a wish and desire to own a
house
.
People
who have their own
house
could feel peace of mind from various problems, in fact, their stress might be reduced.
Conversely
, living on rent is a little bit problematic. Like when you are living on rent, you should take care of many affairs.
Such
as every month individuals take out a good amount of money to pay rent.
Moreover
,
people
should follow the rules and regulations which is set by the landlord,
otherwise
, if
people
did not obey them in consequence they may find out new
house
. Apart from that, there are some additional costs incurred by them like utility bills, etc. But other than
this
problem which is mentioned above the most important thing is it does not give you the feeling of your own
house
.
On the other hand
, one of the major real plus points of owning a
house
is the fact that you have complete freedom of what you want to do in your
house
or
also
have an opportunity to renovate it. An individual is
also
not bound by any rules.
Furthermore
, you save money which you pay when you live in a rented
house
.
Moreover
, a sense of satisfaction can be felt in own shelter. In summary, it is a dweller’s choice to live in a tenant or own
house
.
However
, renting a
house
could be more expensive or not save finance
while
ownership can save money in the longer perspective.
Submitted by msulemanm9 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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