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?

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Due to
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the rising inflation rate, people’s preferences have become more significant. Denizens from disparate parts of the World think possessing a
house
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is crucial and it surpasses renting houses. In
this
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essay, its reasons will be investigated and whether it is beneficial or harmful will be illuminated.
To begin
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with, there are two main reasons why owning a
home
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outraces renting. The first cause arises from the fact that buying a
home
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once is more affordable than paying regularly. The sale price of a
home
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is calculated by multiplying the annual rental cost by twenty years.
Therefore
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, if a person plans to stay more than twenty years in the same place, renting the
house
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would not be a rational decision. Another cause stems from the possible conflicts between the landlord and the renter. To give an example, a broken fridge is not rectified immediately as the communication between the homeowner and the renter takes a long time.
Moreover
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, they can argue with each other during
this
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process.
Thus
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, individuals do not want to handle these types of problems,
consequently
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, they avoid renting a
house
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.
Additionally
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,
besides
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its valid concerns, being a property owner is
also
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advantageous for residents.
Firstly
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, people who are owners of the houses where they live have the ability to behave
however
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they want.
For instance
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, some renters are not permitted to prepare events,
such
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as birthday parties, in their rental homes.
On the contrary
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, landowners can do whatever they want because there is no need to get permission from someone.
Secondly
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, despite the fact that a
house
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is a fundamental need for humans, it might serve as a profitable real estate investment.
According to
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an article in Harvard Business Review, the possibility of being financially independent is 54% more for property owners compared to renters, since the value of a
house
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can climb over years.
To sum up
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, having a
home
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to live in is more essential than paying the landlord every month for folks in some nations since they think it is not only keeping people away from undesired debates but
also
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more economical.
Furthermore
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, it has some benefits,
such
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as being free and the potential growth in a
home
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’s value.
Hence
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, its advantages outweigh its disadvantages.
Submitted by smd1212 on

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coherence cohesion
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Your opinion

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...do you agree or disagree?...do you think...?...your opinion...?

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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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