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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In recent years, a number of

people

around the world have been inclined to own houses rather than rent.

This

phenomenon is caused by a few particular reasons. In

this

essay, I will elaborate on the specific culprits and my own view. For some

people

, having a

house

is one of their significant life goals. It happens globally nowadays and some countries regard houses as high-value investment resources that bring fortune in the future. Chinese,

for instance

, are well-known for purchasing real estate not only domestically but

also

in other countries as a financial investment tool. Added to

this

, it is undeniable that

people

can find a sense of psychological stability by owning a home, as they do not need to hire housing after finishing their rent contract. In some cases, it is a daunting task to rent their housing,

for example

, the fluctuation of the price of a lack of housing supply. From my perspective, having a

house

affects

people

in a negative way. First of all, it can suffer from financial strains. It is particularly if homeowners have a mortgage to buy a

house

that is

inexpensive. If

people

are unable to keep up with these interests, they may experience financial strain, which can lead to stress, debt, and even foreclosure. It is exemplified by the financial crisis that took place in the USA in 2008 triggered by subprime mortgages.

Secondly

, owning a

house

can

also

lead to economic inequality.

In other words

, homeownership is a key way for individuals to accumulate wealth, as homes generally appreciate value over time.

This

means that those who own homes are likely to have more wealth than those who do not, which can lead to a huge gap regarding economic inequality.

This

is what happens in the present time in different parts of nations

such

as India, and the Philippines where inappropriate social inequal is drawn by property issues. In conclusion,

people

in some countries have a tendency to own their properties as an invaluable investment resource and a way of psychological stability.

However

, I believe that possessing a

house

affects

people

negatively with financial strains and economic inequality.

Submitted by thisisaveryan on Sun Apr 16 2023

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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?

Fully explain your ideas

Some people think that public libraries are necessary while others believe that nowadays public libraries are no longer important. What is your opinion?

Completing university education is thought by some to be the best way to get a good job. On the other hand other people think that getting experience and developing soft skills is more important. Discuss both views and give your opinion.

NOWADAYS MANY PEOPLE CHOOSE TO BE SELF-EMPLOYED, RATHER THAN TO WORK FOR A COMPANY OR ORGANIZATION. WHY MIGHT THIS BE THE CASE? WHAT COULD BE THE DISADVANTAGES OF BEING SELF-EMPLOYED?

Some people believe that it is best to accept a bad situation, such as an unsatisfactory job or shortage of money. Others argue that it is better to try and improve such situations. Discuss both these views and give your own opinion.