In some countries, owing 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?
It has been seen that it is
tough call
when it comes to select a place for living, especially when buying Suggestion
a tough call
one
. Majority
of the nations have suggested that their local people prefer to buy their own property for living Suggestion
The majority
instead
of renting one
, and it has become a trend now. This
essay will discuss why this
trend has become a pivotal nowadays. I contend, although
it is expensive to purchase an own house
, still I would say we should welcome this
trend.
To commence with, every individual have
a desire to purchase his or her personal home where he or she could live peacefully. Suggestion
has
This
is because they work hard to purchase a house
, which will save their lot of money in long term
. Suggestion
the long term
In other words
, it can be said that it is just one
time of investment, which will definitely going to be double in few years; whereas, paying for rent would not give them any benefit and ultimately they will lose their money. To illustrate, the Canadian government has announced “First
Home Buyer” scheme, in which one
gets some extra advantages when they buy their first
house
, such
as low interest rate with minimal down payment. As a result
, 96 percentages of Canadians have their own house
. Hence
, I would say other nations should introduce such
kind of programs to take forward this
movement.
Secondly
, It gives them freedom to do whatever they like to do in their personal home such
as renovation. For instance
, taking myself as an example, when I was a tenant in Toronto, I wanted to install a music system in the house
, but my landlord did not gave
me permission to do that. Suggestion
did not give
has not given
Furthermore
, by having an own shelter, it gives a satisfaction
of pride. Suggestion
satisfying
One
feels relaxed and can enjoy lavish lifestyle
without any interference of landlord or any rule. Suggestion
a lavish lifestyle
lavish lifestyles
Thus
, having an own house
imparts ample of privilege, which we should considered
as Suggestion
consider
one
of the reason for this
movement.
To conclude, eventually it is personal choice whether one
wants to rent a house
or buy one
; however
, I deem that renting could not save finances, while home ownership can save money in the longer perspective.Submitted by Parth Patel on
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