In different countries, their housing markets are influenced by a myriad of external factors,
therefore
,
people
’s preferences in these provinces are
also
different. In some states, individuals would prefer buying a
home
rather than renting one,
this
might be because of emotional or financial reasons. I believe that the choice of buying a
home
over renting is highly subjective but, personally I think getting a rented place to stay would be a better decision for the individual and ecosystem.
People
buy homes for various reasons,
first
, is an emotional reason where
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humans try to
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settle-downCorrect your spelling
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with their loved ones and live in a
home
for the rest of their lives.
For instance
, in India as soon as a person gets a hefty pay-check, his family would suggest
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a
house
for himself, so that he can marry and settle there.
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reason for buying a property would be as an investment, where individuals would buy
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and lease it, to illustrate
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until the ‘2008 Mortgage Crisis’
house
was an asset which was skyrocketing in its valuation, and
people
used to buy houses to sell after a few years. These two are the main reasons for buying a
home
, but there are consequences associated with buying a new
house
for every individual.
The choice of buying a
home
, versus renting is a purely subjective matter which depends on the career goals of an individual, as well as the economic situation in their homeland.
However
, I am more inclined to renting a
house
rather than buying one, because of the impact it has on the environment.
For example
,
people
tend to migrate to cities as part of their employment, but that might be a temporary arrangement,
therefore
if
people
are trying to own a
home
in that city that might cause a space limitation as well as
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pollution, due to new constructions.
Furthermore
, renting
also
gives
people
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to move around from one location to another.
In conclusion, nowadays in some
individuals tend to buy a
home
over renting. The reason for buying a
house
might be emotional or financial.
Although
this
choice is purely subjective, I believe that paying rent provides more flexibility as well as, decreases pollution due to construction.
Therefore
, the trend of buying a
house
seems to be a negative development.