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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

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One of the most important things that refers to noticeable success in mostly third-world
countries
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is having ownership of their accommodation.
Due to
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the massive worldwide inflation and a striking rise in the costs of the real estate market, having ownership of your home has become a dream in some societies.There is a big controversy among most economic experts and people regarding the reasons for
this
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inflation a.
Also
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there is a public debate about the results of
this
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pressure on
society
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.
This
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essay will evaluate
this
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mindset with respect to the given topic and will find out the reasons behind
this
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culture and its impacts on
society
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. As
it
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apply
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can be seen, in some
countries
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, like my country Iran, buying a residence has become a dream. These days most
countries
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due to
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financial crises during the pandemic of COVID-19 experience high inflations which is exemplified in their history.
In addition
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,
besides
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the inflations caused by the
,
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pandemic some
countries
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like Iran had experienced high inflations before
as a result
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of sanctions and bad economic strategies of their governments, and
this
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pandemic has made the economic situation of
this
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country worse.So owning a residence translates to a huge success in your life.
Also
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, rent expenditures have become much higher than before. In these situations, you have to spend all of your revenue on your rent payments and nothing will left for you. So if you have so much money it will be much more convenient for you to buy an estate for yourself rather than renting one. In my Idea,
this
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mindset has had a massive impact on
society
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. The one and only goal of youngers will be saving money to pay their debts to the bank which they loan from it as a pressure of
society
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to have ownership of a home.
This
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will be like running in a wheel for them and the payments for the debts will be endless. Meanwhile, some of them will achieve their goal, but most of them will give up on that.
This
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culture may put so much stress on
society
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and make them give up on their dreams.
For instance
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, so many people get loans for pursuing
this
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specific goal and go into debt for it and in the end, they give up and try hard to forget it with drugs and many obsessive behaviours. In a nutshell,
however
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, having
this
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culture in a
society
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can motivate people to try harder but it can
also
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put so much pressure on the
society
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and lead to some destructive behaviours.
Submitted by hedoyeraisy 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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