In certain parts of the world, it is seen as more essential to buy a home than letting from private landlords and companies
as a result
of a growing economy, mainly in the first world countries. Linking Words
This
essay will argue that, despite the losses of workplaces as renting agencies will be forced to reduce staff, I personally believe that, the benefits of the increasing number of people purchasing their own properties outweigh the negative side.
In developed states Linking Words
such
as The US and Japan, having the financial capacity to acquire a home in comparison to renting provides a certain level of stability, especially when it comes to families with young children who are prone to excessive relocations. Another advantage of Linking Words
this
case is the freedom to improve or alter the residency as desired to give the personal touch that makes it more enjoyable for the whole family. Linking Words
Therefore
, homeownership can be closely related to the individual´s quality of life. Linking Words
For example
, in a country like Norway, which is one the wealthiest countries in the world, almost 80 % of its population are homeowners.
The rising number of property owners can for some sectors of society have a negative impact. Private landlords and letting agencies are examples of those, where their main income resources can Linking Words
then
be dramatically reduced if the market shrinks. Linking Words
Consequently
, big corporations will have to decrease the number of employees, which leads to higher unemployment in the community and fewer taxpayers for the government. Linking Words
However
, the authorities are the ones responsible for creating enough work for the citizens, no individuals should have to worry about how other people should obtain sufficient income.
In conclusion, the majority of the earth's population would rather purchase their place of residency when financially capable, particularly those who live in affluent countries. In my opinion, the advantages of a person owning his or her house triumph over the negative effect it may have on some sectors.Linking Words
Farh