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 a negative situation?

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It is often observed that people prefer to buy a home in some countries for the purpose of ownership, and they consider it a crucial something, so; they do not like to rent a
house
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.
This
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essay will discuss the reasons behind
this
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goal, and I believe that if humans own a home, they will get some benefits. At the outset, some folks like buying a home or an apartment,
instead
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of renting it, and
this
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phenomenon is common everywhere all over the world, particularly in developed countries
such
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as Canada and the USA. What is more, there are some important causes which encourage individuals to adopt
this
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idea.
Firstly
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, if anyone buys a condominium or a flat, it will be an excellent investment because the prices of
homes
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always jump up every year compared to the past,
For example
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; in Canada, somebody bought a
house
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for 200 thousand dollars, in 2000, but nowadays the cost of
this
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house
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is one million dollar,
hence
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; he gains a lot of money.
In addition
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to that,
this
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type of investment is a safer one compared to the trade, as; the prospects of risks are minimal.
Furthermore
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, when humankind owns a building or a condo, some pros are achieved.
For instance
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, the psychological status of these people becomes better because they feel safer, as; nobody can discharge them from their
homes
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.
Moreover
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, the probability of increasing rent every year for a
house
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or a flat will completely disappear because they become the owners. In conclusion, various reasons drive folks to buy
homes
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and abandon renting them because the feeling of ownership confers them happiness and safety. I believe that when the population own
homes
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or flats, many positive consequences are accomplished for them and their societies, so; the government has to support
this
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notion.
Submitted by sm710129 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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