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?

In
this
era where
people
tend to look for a stable life, having a
home
is
one
of the conditions to fulfil.
People
aim to have a
home
to be a shelter for their families, and in the end, they will pass it on to the younger
generation
of theirs.
However
, it is disagreed that owning a
home
brings much more benefits compared to renting
one
in these modern days. Analysing the tax price and the maintenance fee,
as well as
the need to hop on jobs
one
after another will prove
this
idea.
Firstly
, having a
home
costs quite a lot. As we all know, owning a
property
means the owner has to pay the price of the
property
, its tax,
as well as
its maintenance. To illustrate
this
, the government will definitely help its citizens to be able to buy a
property
by giving them loans, it is still kind of pricey to pay the interest.
Therefore
,
it is clear that
owning a house is not very feasible in
this
day and era where
people
have to empty their pockets in order to buy land.
Secondly
,
people
, the younger
generation
to be precise, like to change jobs in a short period of time. Contrary to the elder
generation
that seeks stability in their old days,
this
generation
tends to seek jobs which have the highest pay rate.
This
implies their need to frequently change homes by renting them.
Thus
, it can be said that owning a
property
is not a choice for youngsters.
To conclude
, owning a
home
brings more adverse effects to the community compared to renting
one
. I believe the tendency to own a
home
is quite a negative situation if they cannot control their expenses.
In addition
, it is predicted in the future the increase in mobility in terms of
people
hopping on
one
job after another will make them prefer renting a house to owning it.
Submitted by fylerone 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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