In some countries, owing 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?

Nowadays, in a number of countries,
people
are willing to buy a
house
as opposed to
rent
Change the verb form
renting
show examples
it. In my
opinion
Add a comma
opinion,
show examples
economic instability and governmental advertisements contribute to
this
situation. I am
also
convinced that
home owners
Correct your spelling
homeowners
show examples
are more likely to benefit from privacy and economic success.
Therefore
, the benefits of purchasing a
house
override its drawbacks. From my perspective, in some developing countries which face economic recession and high levels of inflation, citizens are compelled to buy a
house
.
This
may provide them with economic stability and prevent
from
Change preposition
apply
show examples
financial issues in the future.
For example
, in Iran, the rent and price of properties are escalating alarmingly on a regular basis.
Consequently
, if
people
do not take steps towards
owing
Correct your spelling
owning
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a
house
, they will never afford it.
Moreover
, the interest rate of bank loans is increasingly going up and taking a loan can be challenging to some extent.
On the other hand
, since housing is a primary source of revenue for governments, they encourage
people
to purchase a
house
as soon as possible. I
further
believe that
owing
Correct your spelling
owning
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a home is able to lift the burden from
household’s
Correct article usage
a household’s
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shoulders.
This
enables them to tackle other problems and experience economic prosperity.
For instance
, they are likely to make ends meet and save money for their children’s education.
Additionally
,
home owners
Correct your spelling
homeowners
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are able to take full advantage of privacy and calm.
This
may result in boosting the quality of life and health levels. In conclusion, the economic stability and the policy of governments convince
people
to buy a
house
instead
of renting it.
Also
, I opine that the economic prosperity and privacy which
associate
Wrong verb form
associated
show examples
with purchasing a
house
,
it
Correct pronoun usage
apply
show examples
is a positive notion.
Submitted by maryam.nutrition1988 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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