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

Selecting a place to live in is a big decision to make. In
few
Correct article usage
a few
show examples
parts of the world, people consider that
house
ownership is far better than living
Change preposition
in at
show examples
at
Correct your spelling
a
show examples
rented space.
This
perspective is taking a lead nowadays among people with their own reasons to
favor
Change the spelling
favour
show examples
this
trend . I
also
deem that buying
own
Correct pronoun usage
their own
show examples
house
transform
Correct subject-verb agreement
transforms
show examples
their lives in
optimistic
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an optimistic
show examples
way , which would be elaborated
further
with convincing facts relating to its root cause.
To begin
with, a major cause is home ownership gives a feeling of satisfaction to most
of
Change preposition
apply
show examples
individuals. When they hold
a
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apply
show examples
property ownership, they do not have to pay rent to their landlords, which
save
Correct subject-verb agreement
saves
show examples
their money and refers to
long term
Add a hyphen
long-term
show examples
investment.
For example
, In Australia,
masses
Correct article usage
the masses
show examples
mortgage to buy
house
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a house
the house
show examples
and take bank loans, which even make them
to
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apply
show examples
struggle more financially.
However
, they still do it, only to enjoy their peace of mind.
Thus
, they achieve financial stability, where they contribute more in monetary terms but for their own personal purchase, which lends them an air of respectability too. I personally support the abovementioned mindset as it has
plethora
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a plethora
show examples
of positive impacts. Out of all,
dominant
Correct article usage
the dominant
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point is that it allows one to transform the place
according to
their choice.
Although
, living somewhere as a tenant does not offer much freedom ,where one has to abide by rules and regulations that are set by landlords.
Moreover
, there is no need to seek permission from anyone.
Hence
, following
invention
Correct article usage
the invention
show examples
process is not needed
which
Correct pronoun usage
it
show examples
needs to be approved by
house
owners. In light of the aforementioned, people act
according to
their needs. If
benefits
Correct article usage
the benefits
show examples
of buying own
house
are more, it is obvious that one would pick
this
rather than renting a
house
.
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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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