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In some countries, owning a home rather than renting one is very important for people. Why is this the case? Do you think this is a positive or negative situation?

People in some countries now consider owning a home to be more important than renting one. This essay will discuss the underlying reasons for this preference and elaborate on why it is a negative development. There are two main reasons for people’s preference for home ownership. First, for some people, owning a house or an apartment means that they do not have to waste time on accommodation hunting when a rental contract expires. Therefore, they can just focus on their career goals or other important things, such as marriage. Second, nowadays many people buy a home with a mortgage, and so they know the exact amount of money they owe and also the regular amount they have to pay. This allows people to make a clear long-term financial plan for the future. However, this is not the case when they rent a home because they are subject to changes in the rental price made by landlords. The trend that many people value home ownership over rented accommodation is negative due to the following reasons. Most houses or apartments have low liquidity, which means they cannot be easily exchanged for cash. As a result, people who are still redeeming their mortgages may not be able to spend money on other big investments. In addition, while a tenant can easily terminate a rental contract and find a new place if they are not satisfied with their current accommodation, it is very difficult for home owners to do the same. In other words, once a person makes an unwise decision and buys a home that they later regret, they are usually left with only two options: either make the home available for rent or accept living in a place they are not happy with. In conclusion, people in some countries now prefer to buy their homes because they value stability that owning a home provides and want to have clear future plans. However, unless thorough considerations are made, home owners may have to face undesirable outcomes from such a decision.

You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
People
 in This phrase/word is too simple and can be replaced with:a number of
some
 countries This phrase/word (depending on the context) can be potentially replaced with :nowadays
now
 consider owning a home to be more This phrase/word is too simple and can be replaced with:vitalcriticalessential
important
 than renting one. This essay will discuss the underlying reasons for this preference and elaborate on why it is a This phrase/word is too simple and can be replaced with:adverse
negative
 development.

There are two main reasons for You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people’s
 preference for home ownership. First
, for This phrase/word is too simple and can be replaced with:a number of
some
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
, owning a This phrase/word (depending on the context) can be potentially replaced with :residence
house
 or an apartment means that they do not This phrase/word is too simple and can be replaced with:ought to
have to
 waste time on accommodation hunting when a rental contract expires. Therefore
, they can This phrase/word is too simple and can be replaced with:merely
just
 focus on their career goals or other This phrase/word is too simple and can be replaced with:vitalcriticalessential
important
 things, such as marriage. Second, nowadays This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
This phrase/word (depending on the context) can be potentially replaced with :purchase
buy
 a home with a mortgage, and This phrase/word is too simple and can be replaced with:consequently
so
 they know the exact amount of money they owe and also
 the regular amount they This phrase/word is too simple and can be replaced with:ought to
have to
 pay. This This phrase/word (depending on the context) can be potentially replaced with :authorizes
allows
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 to This phrase/word (depending on the context) can be potentially replaced with :createconstructmanufactureproduce
make
 a This phrase/word (depending on the context) can be potentially replaced with :apparent
clear
 long-term financial plan for the future. However
, this is not the case when they rent a home This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 they are subject to This phrase/word (depending on the context) can be potentially replaced with :altersadjusts
changes
 in the rental price made by landlords.

The trend that This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 value home ownership over rented accommodation is This phrase/word is too simple and can be replaced with:adverse
negative
 due to the following reasons. Most This phrase/word (depending on the context) can be potentially replaced with :residences
houses
 or apartments have low liquidity, which means they cannot be easily
 exchanged for cash. As a result
, You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 who are still
 redeeming their mortgages may not be able to spend money on other This phrase/word is too simple and can be replaced with:hugeenormousgiganticvast
big
 investments.

In addition
, while a tenant can easily
 terminate a rental contract and find a new place if they are not satisfied with their This phrase/word (depending on the context) can be potentially replaced with :contemporarymodern
current
 accommodation, it is This phrase/word is too simple and can be replaced with:extremelyimmenselysupremelysuperb
very
 difficult for This word is normally spelled as one.homeowners
home owners
 to do the same. In other words
, once a person This phrase/word (depending on the context) can be potentially replaced with :createsconstructsmanufacturesproduces
makes
 an unwise decision and This phrase/word (depending on the context) can be potentially replaced with :purchases
buys
 a home that they later regret, they are usually
This phrase/word (depending on the context) can be potentially replaced with :departed
left
 with This phrase/word (depending on the context) can be potentially replaced with :exclusively
only
 two options: either This phrase/word (depending on the context) can be potentially replaced with :createconstructmanufactureproduce
make
 the home available for rent or accept living in a place they are not happy with.

Three successive sentences begin with the same word. Consider rewording the sentence or use a thesaurus to find a synonym.
In
 conclusion, You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 in This phrase/word is too simple and can be replaced with:a number of
some
 countries This phrase/word (depending on the context) can be potentially replaced with :nowadays
now
 prefer to This phrase/word (depending on the context) can be potentially replaced with :purchase
buy
 their You use this word too often, consider replacing it withhutdormitoryapartmentdwellingpalaceresort
homes
This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 they value stability that owning a home provides and want to have This phrase/word (depending on the context) can be potentially replaced with :apparent
clear
 future plans. However
, unless thorough considerations are made
, This word is normally spelled as one.homeowners
home owners
 may This phrase/word is too simple and can be replaced with:ought to
have to
 face undesirable outcomes from such a decision. 