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 a positive or negative situation ?

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Selecting a place to live in is a big decision to make. In some parts of the world, people value their own accommodation because it is a sense of achievement rather than renting which could not save money in the long term. From my perspective, house ownership is a natural human desire.
To begin
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with, many individuals seek to own their personal house where they could live with peace of mind. Many people have a desire to have their own residence rather than rent,
although
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they may struggle and face hardships to own it. In many Western countries,
for instance
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, people take bank loans for their personal housing.
Whereas
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, a tenant not only has to abide by the landlord's rules and regulations but
also
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has not the privilege to renovate
according to
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one's need.
Thus
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, it is imperative to own a residency where one can live peacefully without the intervention of others.
Nonetheless
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, I believe that home ownership has many positive aspects
such
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as it gives freedom, an individual does not bind to any stringent rules and has the opportunity to renovate frequently. Taking myself as an example, when I was a tenant in Auburn, Sydney, I cannot even move a sofa set to another room without the consent of the landlord, though personal accommodation is necessary to thrive in society because owning a house is considered a status symbol.
Furthermore
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, the sense of satisfaction can be felt in own shelter,
while
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renting one could not be satisfied because he has no liberty at all.
Hence
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, having personal accommodation will make owners feel more relaxed and have a sense of satisfaction and fulfilment.
To sum up
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, it depends on the dwellers either living as a tenant or having their own private housing.
However
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, renting could not save finances
while
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home ownership can save money in the longer perspective.
Submitted by kylehouston0194 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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