In some coutries owning a home rather than renting one is very important for people , why might this be the case Do you think it is positive or negative ?

The real estate market is volatile , prices fluctuate throughout the year
as well as
it sharply increased over the
last
decade . Some
people
think that it is crucial to own a
house
. In my opinion , it is beneficial for several reasons .
This
essay will cite some of them .
Firstly
,renting got priceless and unaffordable for many
people
around the world especially in cities .Even though IN THE short term it might appear cheaper than purchasing a
house
,IN THE LONG ,RUN IS more expensive.Indeed they pay costly rent for a
house
that will never be theirs .That money is lost because they didn’t invest it in their own property ,
for instance
, in Algeria there is a low mortgage rate .
in addition
, the first contribution remains affordable for middle-class families meanwhile renting is increasing over the years . As a result , Algerian
people
tend to purchase a
house
as soon as they have stable work and a good credit score .
Secondly
, the landlord might be negligent regarding the
house
’s maintenance. even though it is not a generality, many rented houses
as well as
apartments are poorly maintained ,especially regarding the plumbing and painting. because the owners don’t live there , they consider it a waste of money .
Consequently
, they tend to wait until the end of the contract to implement a few improvements ,
for example
,in Vanier south in Canada houses aspect is not pleasant even more it is repulsive in some districts ,Consquently,
people
who want to live in a decent home prefer to buy a
house
considering the comfort
as well as
hygienic aspect .
To sum up
, I think that owning a
house
is positive
also
it is worth more than renting one regarding the financial aspect , self-dignity and comfort.
Submitted by tatissiw13 on

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