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Opinion

Band 5+: In some countries, owing a home rather than renting one is very important for people. Why might this be the case?

Note: Both the topic and the essay were created by one of our users.

In many nations, buying a home is better than renting one. In my opinion, I think this is a positive thing to do because the prices of renting is increasing with time and the value of a home is always rising.

On one hand, having a home right now is a priviledge because the prices of renting is increasing with time. In other words, the mortgage is really close to the price of renting. If they pay a little more monthly over the years, they will be able to own a home. The mortgage is not that expensive. For instance, the prices of renting 10 years ago were nearly half of what it is now.

On the other hand, buying a home is well investment because over time the value of the home will increase. In addition, if anyone wants to sell their home they will not lose any money that they have paid already. Own a home is a safe investment. When you own a home, noone will be able to kick you out, that said, renting a home will never be as safe as owning one. For examble, my home costed me around 250000 Egyptain pounds back in 2010, now it is valued around 600000 Egyptian pounds.

In conclusion, in many states, owning a home is very important for people and that is totaly understandable because the prices of renting is in contineous increasing and the value of a home will never fall back. I think this is a positive situation.

Word Count: 253

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