In Some countries, owning a home rather than renting one is very important for people. Why might this be the case? Is this a positive or negative development?
Buying a house is the most preferable choice in many countries over paying
rent
. Some people
reckon that this
could be a better option for their future to purchase home
Correct article usage
a home
instead
of paying rent
to owner
. Correct article usage
the owner
People
do this
for an investment purpose which would help them to reduce their expenses on rented accommodation. I believe that this
is a negative development because it reduces the freedom of people
.
To begin
with, people
realize the importance of owning a home in
anywhere due to spike hike in Change preposition
apply
cost
of Add an article
the cost
house-hold
rents where most Correct your spelling
household
people
have been start
doing investment on it to save their rental amount. Another reason to do investment here that, Change the verb form
start
this
is providing them waiver off while paying income tax, which gives Correct pronoun usage
apply
maximum
Correct article usage
a maximum
8
% tax benefits. Change preposition
of 8
Furthermore
, after buying home
, Add an article
a home
people
feel that it’s a sign of success, hard work and the biggest achievement in their career. Although
, tenants have huge
burden because their large amount goes on Correct article usage
a huge
rent
as the report published by the world development organization last
month.
Moving ahead, this
will also
have a negative effect that if a person have
purchased a house Change the verb form
has
then
their monthly loan installments
have been started and they would not live their actual lifestyle due to financial burden on them. Change the spelling
instalments
Last
but not the least, freedom is a key to success in anyone life but with some precautions. In other words
, people
should buy many
Replace the quantifier
much
property
but they need to set their approximate expenditure Change to a plural noun
properties
accordingly
till the loan gets cleared.
In conclusion, it is absolutely correct that people
are more inclined towards buying a house in place of paying rent
but this
should give positive
result if they don’t compromise with their daily lifestyle and maintain their financial status.Add an article
a positive
Submitted by Arpit on
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