In some countries, owing 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 ?
Whether having own
house
is beneficial or not is attributed to many factors. Overall, I believe the phenomena have positive effects. The possible reasons why it is substantial for people
to have their residence will be thoroughly discussed and analysed in the following essay in order to support my argument.
Firstly
, by buying their own house
, people
can minimize market risk exposure. Take my case for example
. My flat contract will be renewed every January. Unless I terminate the existing tenant contract, the flat owner has a right to raise a monthly rent at their own discretion. Sadly, there is no choice for me but to accept the raise or to find a new flat whose rent will be within my budget. If I had my own house
, I would not be exposed to such
a financial risk. Hence
, Correct your spelling
owning
owing
a home is the suggestible solution to get rid of market risk, which would Correct your spelling
owning
otherwise
affect our monthly expenses.
Secondly
, people
can customize their own house
without any permission. For instance
, due to COVID
Correct article usage
the COVID
outbreak
the vast majority of the Add a comma
,outbreak
people
now work from home. If it is their own dwelling, we can renovate it as much as we can, e.g. changing the colour of the wall or extending kitchen space
. As home is people
's private space
, the more comfortable it is the more satisfied we are. Nevertheless
, if we rent a space
, we are not allowed to change it drastically, and therefore
the ambience must be less personalized. In conclusion, in view of having a relaxing space
, getting own house
is substantial.
To summarize, in some regions it is critical to have their own dwelling since it is a compelling method to avoid market fluctuation and it is important to live in a comfortable space
for our mental health. After a thorough analysis of the situation where more and more people
acquire houses, it is clearly said that the positive effects of the situation are always greater than the adverse effects, and because of this
, I maintain that the people
renting their dwelling should start considering buying a house
.Submitted by mao.kaneko0204 on
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