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?

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