Having an apartment which you own is really a blessing for some nations. Some communities feel fortunate to have their own land while others opt for renting it. I believe that living in a self-owned
gives a feeling of stability, comfort and security. It depends upon various factors to make a judgment whether it is a positive or negative
which
essay will discuss
.
, the
who are living in their
don’t have to worry about the landlord nor do they have to pay monthly rent.
, for many
,
is like heaven and
spend a lot on interior designers to make their area worth living.
, they have all freedom to reconstruct their infrastructure if they desire to change it.
, other
consider their
as an investment which they expect to appreciate in value in the future.
,
who have enough money tend to buy more than one land as real estate, purchased with the intention of earning a return either through rental income or by the future resale.
All in all, I feel that whether it is a positive or negative
is totally dependent on the financial condition of
. For communities who have money to buy a big
, it becomes an asset so owning a
is a positive
for them.
, most middle-class families have a tendency to buy a
more than their financial capability. They fund
by taking out huge loans and as a consequence of
; they end up paying gigantic amounts with high interest on it.
, they have to pay property taxes and insurance which are directly proportional to the area of a
,
the electricity and maintenance costs get added to their everyday expenses.
, if you own any land
you can
generate income from it by giving it onto rent to the needy.
, you can
use that area for different purposes like organizing events, weddings, parties etc. of your family members and entertain others as well.
To conclude, I would like to reiterate that owning a
becomes a positive
if that individual is able to afford it financially and maintain it with a proper budget.
, it could turn into a negative
when one buys it on a loan
way beyond his repaying capacity.