Many people hold the view think it is better to buy their home rather than rent it. Do you agree with this statement or not?

It is assumed that it is better to own a
home
, whilst, others choose to lease it. I am inclined toward the initial statement and would explain the reasons in the following paragraphs.
Firstly
, purchasing a
house
is a long-term benefit.
This
is not required to pay rent monthly and gain
people
a sense of personality.
Therefore
,
people
who are under the pressure of financial liabilities purchasing a
house
could assist them financially.
For example
,
people
can lead a nocturnal life
due to
their job in their own
home
that does not affect other
people
. It is admitted that purchasing a
home
supplies
people
with personal time.
Secondly
, purchasing a
house
is believed to be a strategy of investment. Entrepreneurs could buy a
house
, redecorate them and
then
sell it at a higher value.
Moreover
, most middle-class families buy a
house
to settle down their family and increase the interest of their assets for their plan. It can be observed that purchasing a
house
is a way of investment.
To conclude
, some
people
are not prepared to buy a
house
while
others are willing to do.
Moreover
, purchasing a
home
brings a huge benefit to the owner that could outweigh the drawback of it. In my opinion, whether owning a
home
is a positive or negative situation is quite subjective, depending on the circumstances of the person.

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Topic Vocabulary:
  • property ladder
  • mortgage
  • rental agreement
  • down payment
  • equity
  • appreciate
  • rental market
  • monthly installments
  • credit score
  • repairs and maintenance
  • landlord
  • tenant
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