In the modern era where the population has significantly risen, owning a house has become essential. In certain nations, individuals who own homes have the financial upper hand compared to those that don't,
due to
homeowners not having to pay rent. Linking Words
This
may be caused by many factors, one of them being the huge portions of people's salary going to rent. Linking Words
Moreover
, the issue has been slowly developing and is serious, and big enough to lead to economic depressions worldwide.
In normal circumstances, having a home in possession isn't necessarily important. Linking Words
However
, as the population has significantly risen, it's more difficult to house everyone. Which eventually led to housing prices skyrocketing. Linking Words
As a result
, individuals that don't have houses, have to pay handsomely for rentals. Linking Words
Whereas
, Linking Words
on the other hand
, those who Linking Words
initially
owned houses do not need to pay anything. Linking Words
Furthermore
, homeowners rent out their property and make an extra income. The problem ,Linking Words
however
, is much greater in countries with small land areas and huge populations. The majority of residents in Linking Words
such
countries do not own any houses but live in rentals. Linking Words
As a consequence
, many pay ridiculous amounts per month just to have a roof over their heads. Linking Words
On the contrary
, a small portion of people who had homes in possession has become filthy rich.
The issue certainly is extremely detrimental to a great number of citizens across the world and is very much negative. Linking Words
For instance
, if renting was not overly expensive, humans would have more money in hand to spend on themselves. But, because it is, we are left with money barely enough to live off of for a month, and nothing to please ourselves. Linking Words
Additionally
, Linking Words
due to
the unfortunate ,situation we're in, our mental health is Linking Words
also
declining.
Linking Words
To conclude
, the detrimental development of the housing prices skyrocketing led to the major financial advantage homeowners have over non-homeowners. To elaborate, the crucial need to own a home is primarily caused by us having to give away a big chunk of our salary just to have a place to sleep. And it's extremely negative because of our slowly declining mentalities Linking Words
due to
our inability to please ourselves.Linking Words
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