Task 2: 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? Write at least 250 words.

In most
countries
,
people
prefer to own a
house
rather than renting it. It could be
due to
not worrying about getting evicted or it
also
can be that many
people
find attachment once they start to live in a particular
house
.
Nevertheless
, I believe
this
has a negative situation for most individuals who come to metropolitan cities as they are unable to find any accommodation. Folks in some
countries
consider that owning a property
such
as a Home could be beneficial towards their families. Home can prevent trouble times
due to
economic tensions,
this
acts as a shelter to those who are crushed financially and can either sell their
house
or can take a loan on it in difficult times. Another reason could be they have something on which they can rely and live their life in a peaceful manner without worrying about the monthly rent or migrating from one place to another.
However
,
this
has created a lot of issues for those who come to the cities for jobs or to study.
Due to
a lack of a place to accommodate themselves, they are usually left with costly rents or even not getting a
house
as per their location.
This
creates a huge toll on their monthly budget and they even get warned by their landlord about eviction as well.
For Instance
, In Australia, the rent is surging to new heights because of the scarcity to find accommodations and
this
has created a lot of hindrances to skilful
people
who genuinely want to contribute to the economy of Australia.
Therefore
, I believe owning a
house
in some
countries
has produced more drawbacks for some
people
.
To Conclude
, Individuals in many
countries
are owning their homes for financial security and
also
to create memories in their homes
whereas
,
this
has generated problems for many
people
who can't find any accommodation
due to
scarcity.
Submitted by Melroy  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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