In some countries, owning a home rather than renting one is very important for people. Why might be the case? Do you think this is a positive or negative situation?
In few nations, it’s very important for individuals to own a
house
instead
of renting it. The primary reason for this
is it shows the social status and I think it is a negative development because purchasing a house
required a lot of money.
Homeownership is more preferable over rent as it enhances the status in society. This
is to say that rate of the properties in many states is very high, so everyone could not afford Add an article
a house
house
in the major cities. Fix the agreement mistake
houses
Therefore
, people
who have their own houses are considered to be rich and have a reputation in community
. Add an article
the community
For example
, in India, Delhi the prices of one BHK flats
are in millions, so the men and women who are owners of those have Fix the agreement mistake
flat
high
social reputation.
The main reason why I think it is a negative development is that for possessing a property, Add an article
a high
people
need huge
amount at the initial stage. Correct article usage
a huge
This
implies that for purchasing a house
a lot of money is required which enforce people
to take loans from banks. As a result
, they need to pay an extra amount as interest to banks then
their actual price of the Replace the word
than
house
. For instance
, in India, many people
have property loans to pay which causes an extra financial burden on them.
In conclusion, in some parts of the world, people
like to have their own home then
renting because it gives them social
position, and in my Correct article usage
a social
opinion
it is a negative process because to become an owner of a property they need a huge amount at the starting level.Add a comma
,opinion
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