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 several countries, it is considered essential for
people
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to buy a house rather than lease one
due to
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the sense of achievement and long-term financial benefits it offers. I firmly believe that
this
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shift towards
homeownership
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is a positive phenomenon for
families
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.
To begin
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with, there are various reasons why
people
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prefer to own private property.
Firstly
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, owning a home provides stability and eliminates the need to frequently move from one place to another, which is often the case with renting.
Additionally
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, homeowners tend to experience a greater sense of security and peace of mind compared to renters.
Moreover
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,
homeownership
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offers
families
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financial stability, especially during uncertain times like the Covid-19 pandemic. Many individuals faced layoffs, making it challenging for them to afford monthly rentals. I strongly support the notion that
homeownership
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is a positive development.
Firstly
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, residing in a single house for an extended period fosters stronger family bonds and allows family members to grow closer to each other.
Secondly
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, it reduces the burden of paying monthly rentals, which can be a significant source of stress for
families
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relying on rented accommodation. The pandemic has
further
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exacerbated
this
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issue, leading to a 30% increase in rental prices over the
last
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year, making it difficult for many
people
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to find affordable housing. In conclusion, the desire for stability and peace of mind is a primary reason why
people
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choose to buy a house
instead
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of renting one.
Homeownership
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not only provides a sense of accomplishment but
also
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offers long-term financial benefits and strengthens family unity.
Therefore
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, I believe that promoting
homeownership
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is a positive step for individuals and
families
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alike.
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  • for instance
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  • such as
  • namely
  • to illustrate
  • take, for example

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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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