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 societies,
people
prefer to have or buy a home
instead
of renting. This
could have several reasons some of which will be mentioned here. Also
, I totally disagree with that, and I think the disadvantages outweigh the advantages.
Firstly
, people
have a tendency to buy homes because this
can be a kind of investment. In fact, by buying a home
they try to save money
instead
of financial fluctuation or financial crisis. For example
, Iran does not have a good financial situation, and every day the worth of the Iranian currency decline. Thus
people
buy money
to prevent the decline in their wealth. Secondly
, if you rent a home
you should leave a rented home
and find a new one
. This
could be boring for a lot of individuals, so they prefer to buy a home
and live in one
place.
On the other hand
, buying a house need a lot of cash. In other words
, this
can make you put all of your saved money
into buying. Therefore
, you do not have any budget to invest in other things, and you cannot earn money
. For instance
, last
year my father have a lot of cash and bought a home
for investment. So, he put all of his money
and it did not have any profit for him. For an alternative, I think he could buy gold or cars and earn money
.
In conclusion, people
for investment or avoid transport from one
home
to another one
every day, they prefer to own a home
. But according to my experiences, I think it could be better than renting a home
and investing your budget in different things because this
helps you to make more profit.Submitted by moradkhanighane on
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