Many people hold the view that it is better to bouy their house then rent it. Do you agree with this statement or not ?

It is generally agreed that people are preferable to buy their residence and are not gratified renting it. In my opinion, house ownership can provide stability for some families

along with

better financial status.

This

essay agrees with

this

statement and will outline the reasons why. First of all, there are many reasons why

nation

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nations

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prefer to own private property, one of them is that it can prevent families from moving from one place to the other, unlike renting.

Likewise

, if a family owns a private accommodation,

this

may make them feel some security and stability.

As well as

this

, people who own a house have better equity and finances.

For example

, during the recent pandemic, a lot of individuals were put out of work, and they were not able to afford the monthly rent.

As a consequence

, many individuals, have decided to save up to buy

house

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a house

the house

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. Personally, I feel that the main reason is that staying in per box can strengthen family bonds, and family members can get close to each other.

For instance

, in Egypt, the price of rented apartments has witnessed a significant rise of 50% over the

last

year.

As a result

, many people struggled to find proper places to live in. In conclusion, security and stability may be the main factors why

crowd

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crowds

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have opted for private property ownership

instead

of renting. I strongly believe that owning a dwelling is better than renting it, as it could improve family relations, and it means less financial burden.