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

In some nations, having their own accommodation rather than hiring one is so vital for
individuals
.
This
is
due to
the fact that possessing a proper house gives people a feeling of economic security. I undoubtedly consider that
this
is a positive phenomenon since it provided people with some solutions to take difficult moments. In today’s world of rush economic and social changes owning a private
home
gives
individuals
a lot of freedom and a stressless life because they feel safer and economically protected in their one accommodation. A person may lose his job or the source of his income and may get into an economically bad
situation
, in
this
case having his own
home
helps him to come out of
this
situation
.
For example
, during the Covid-19 pandemic, when most governments took measures
such
as lockdowns of cities and industrial sites, a lot of people suffered economically.
According to
some statistics in
this
situation
, those
individuals
with proper homes suffered less than others who live in rented accommodation. Some of them launched their own business from
home
. As for me, I think having a private
home
is a positive
situation
since it guarantees stressless life and gives you more opportunities to overcome difficult moments,
Moreover
, it is traditionally considered the best equity that one can leave for his future generation. In conclusion, in most places,
individuals
prefer possessing their own
home
since it gives them financial security and more opportunity during their life. It is
also
considered a kind of heritage that could be left to one’s children.
Submitted by akram.amirkulov 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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