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 a negative situation?
People
living in some countries
prefer to be home-owners
than tenants because owning a Correct your spelling
homeowners
home
helps them build an asset for their future
and is often considered a source of pride in many countries
. Despite the fact that rising home
ownership can put pressure on the rental market, I strongly believe that it is a great way for people
to secure their future
in countries
where the goverment
does guarantee housing for its citizens in their old age.
Many Correct your spelling
government
people
worldwide would rather spend their money on a mortgage instead
of paying to
a landlord to live in a house. One of the reasons is that they may choose to look at a mortgage as an investment for the Change preposition
apply
future
, where they build an asset for themselves. Furthermore
, over time, rising
value of an owned property can yield equity that Add an article
the rising
people
can use towards further
investment. Consequently
, owning a home
can lead to a secure financial future
. Besides
this
, many feel a sense of identity and pride associated with home
ownership, which is a significant milestone for many in their lives.
On the one hand, this
can spell trouble for those who cannot afford to purchase a property. If many people
live in owned accommodation, not many houses will be left for the lower income groups. As a result
, a shortage of houses for rent,
would drive up rental prices, Remove the comma
apply
further
worsening the situation for renters. On the other hand
, in countries
where no social security is provided by the government, the only avenue for people
to secure their future
financially is through owning a home
. Despite the drawback
mentioned above, individuals and households often choose to purchase houses keeping in view self-interest, especially when they do not get government assistance for housing.
In conclusion, the preference to own a Fix the agreement mistake
drawbacks
home
over renting is primarily because it helps people
to build wealth. Although
it has some socio-economic disadvantages, I firmly believe that owning a home
is crucial in many countries
where government support for the retiring members of community
is close to non-existent, especially in terms of housing. If Add an article
the community
people
did
not secure their own Wrong verb form
do
home
when they can afford it, they may eventually have no place to live in their declining years.Submitted by phatkhunnok on
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Structure
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Introduction & Conclusion
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Supporting Arguments
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Linking words for giving examples:
- for example
- for instance
- to illustrate this
- to give a clear example
- such as
- namely
- to illustrate
- take, for example