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?

Owning a home is considered more important than renting one in many countries. There are enormous reasons leading them
such
as culture, personality, and economic benefits to
this
phenomenon. Owning a
house
can be good for financial investments. It means that, by holding a residence individuals not only make high profits but
also
no
further
worries are needed for renting fees. The price of estates is rising rapidly
due to
global urbanization and more rural residents are preferring to live in city areas.
Therefore
, by purchasing a
house
more profit will be the result after selling it.
In addition
, the impact of rental charges and landlord threats will be eliminated. So, better life conditions and satisfaction will be provided to the person's family.
Moreover
, cultural and personal habits play a crucial role in
this
occasion. In some countries,
such
as Iran, owning a
house
is a symbol of wealth.
This
social view comes from Persian luxury-oriented cultural background and leads many Iranians to be householders
instead
of tenants.
Additionally
, some individuals may find
this
a solution to decorate their
house
by their personal interests. They argue that, by owning a
house
, without any obstacle they can redesign the walls and floor coverings of their residence.
To conclude
, people in many countries prefer to buy a home because of the value stability of their money, personal and cultural interests. In my opinion,
this
is the right decision if they are having enough source to buy an accommodation rather than being a tenant.
Submitted by m.defaee1 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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