In some countries,owning 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?
In some nations,
people
prefer owning a house
rather than renting one
. The reasons behind such
an investment
are a lot. In my opinion, this
can either be a positive or a negative situation depending on the financial status of the family.
To commence with, the reasons for this
are a lot. Firstly
, in some countries, the charges for renting a house
per year is higher than the charges to maintain and buy a house
. In such
situations, people
prefer to buy a house
rather than rent one
. For instance
, in the USA house
rents are expensive when compared to Germany. Secondly
, in a rented house
the common utility area's restrictions are sometimes annoying ,hence
people
prefer own house
over a rented one
. In addition
, some people
consider buying a new house
as a financial investment
.
Furthermore
, if buying becomes a mandatory act, due to various reasons like government rule and an annoying house
owner, it results in a personal financial crisis. For example
, if a family has a low income and the government has declared a drastic increase in the house
rents then
the family might become financially unstable. Hence
, this
is a negative scenario for a family with a low income. On the contrary
, in a similar scenario, financially stable families opt to buy a house
which is a positive situation for them. Hence
, owning a house
can be a positive as-well-as a negative situation depending on the financial status of the populace.
To conclude, the criteria behind people
opting to buy a new house
are investment
purpose, annoying landlord etc. Hence
, in my opinion, such
an investment
is a negative scenario for poor families, whereas it is a positive one
for elite families.Submitted by suba2705.sk on
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