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 a positive or negative situation?
It is vital for citizens of some
countries
to own a Use synonyms
house
rather than live in rented accommodation. I personally believe, owning a Use synonyms
property
has many benefits over renting. In Use synonyms
this
essay, I will discuss the reason for Linking Words
this
trend and the advantages of possessing own Linking Words
house
.
There are many reasons for someone to buy a Use synonyms
house
. Renting Use synonyms
an
accommodation is expensive in some Correct article usage
apply
countries
. Use synonyms
This
is mainly Linking Words
due to
the increasing population, a soaring number of immigrant workers and the limited availability of accommodations. Linking Words
For example
, in Singapore, renting a Linking Words
house
is expensive, Use synonyms
while
buying a Linking Words
house
through a mortgage is comparatively a cheaper option. Use synonyms
For
Linking Words
this
reason, many Singaporeans opt to purchase their own properties. Linking Words
This
trend has been observed in many first-world Linking Words
countries
, especially in urban areas. Use synonyms
On the other hand
, migrant foreign workers, who have restrictions to buying a Linking Words
house
in these Use synonyms
countries
are forced to pay a higher rent for their accommodations.
Use synonyms
Furthermore
, investing in a Linking Words
property
is always beneficial in long term. The price and demand of properties are always on the rise. Use synonyms
Although
renting can be a less expensive choice in some parts of the world, tenants are ultimately unable to own a Linking Words
property
. Use synonyms
Due to
these reasons, if an individual is paying for the monthly leasing rather than the monthly rent, he can enjoy the benefit of owning the Linking Words
property
. Use synonyms
This
purchased Linking Words
property
can be an asset for them which gives some form of financial assurance to these individuals. Use synonyms
For instance
, a recent survey done in New York shows that even with the higher interest rates for mortgages people are happy to pay the loan fees than paying for rent.
To summarize, people are inclined toward owning a home rather than renting in some Linking Words
countries
. I strongly believe Use synonyms
this
development has many advantages than disadvantages like providing financial assurance and investment returns.Linking Words
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