At a present,
people
in some countries believe that it is better for owning their homes rather than renting them.
This
essay will discuss two of the main driving forces behind
this
matter and the main reasons why I believe it is a mostly positive trend.
There are several reasons to explain why
this
case is happening in some countries.
Firstly
, paying for renting a
house
makes up for a large proportion of
people
’s incomes. So,
this
usually pushes new starters to have a limited amount of money to spend on other aspects of life
such
as leisure and healthcare.
Likewise
, most
people
might feel they paid for something which they could not be owned after investing for several years.
Secondly
, a
house
is one of the most essential properties being owned in a lifetime when
people
become adults and is considered to be the most expensive expense making some
people
have to rely on a long-term bank loan. They,
therefore
, need to purchase it as soon as they are capable of paying
house
mortgages finished before their retirement.
In addition
, a
house
is regarded as a long-term burden as the price would grow along with the inflation rate. If
people
postpone buying for a few years, the price would increase to a rate that they might not afford or need to spend more on interest.
In my view, there are positive impacts on
this
matter in two aspects in terms of obtaining comfortableness and unleashing financial constraints. Owning a home could benefit in terms of pleasantness since homeowners could feel secure about the unpredicted situation and enjoy their own spaces in doing whatever they want.
For instance
, they might not concern when they have some conflicts with the
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and can feel comfortable about doing certain things
such
as smoking and having parties within the
house
.
Moreover
, buying homes at a younger age is advantageous for new starters to manage their money for future spending when they get older since they can meet the debt relief stage before retirement.
Besides
,
this
trend contributes to a good opportunity for encouraging
people
to have a healthy financial lifestyle, reaching their ultimate goal of paying off debt.
To sum up, the trend of owning a home may cause by personal financial limitations as well as seeking life’s stability since a residence is considered to be a necessity and one measure of success. I am convinced that investing in a
house
whenever ready is beneficial for
people
in terms of making a significant plan for a future life regarding avoiding difficulty after a retirement period.