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?

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In
this
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fast-moving globalised world, a
house
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is considered a place where people can feel peace and happiness.
Therefore
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, in certain nations, it is argued that owning a home is more crucial than renting one. From my perspective, even I believe that having your own
house
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is more promising than renting one because it is considered a good investment and creates a sense of fulfilment in an individual's life. Primarily, owning a
house
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is always considered a better investment than anything else in the world.
In other words
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, the prices of real estate are at their peak and will continue to rise, allowing people to generate more capital from them.
For instance
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, if you compare the price of your
house
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when you bought it and now, you will be amazed by the profit your
house
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earned for you.
Hence
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, owning a
house
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is a way to be more satisfied and happy.
Moreover
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, a rented
house
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will force you to pay the rent to others. To be more precise, whenever you live in a rented
house
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,
at the end
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of each month, you have to pay a decent amount of money to the owner of the
house
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. If you have your own residence, you can save that money and invest it somewhere else where it can
further
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grow your capital. Even houses bought in instalments
also
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help people save money
while
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filling up the taxes,
whereas
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a rented
house
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does not do so. So, renting a
house
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will let you lose your income,
while
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a private
house
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will help you earn more income. In conclusion, owning a personal home is more vital than renting one.
This
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is a positive situation that leads to a promising investment and a sense of satisfaction in our lives.
Lastly
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, it can be recommended that
this
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situation will continue to evolve in the future because real estate's value is growing proportionally to the population of the world.
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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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