many people hold the view that it is better to buy their home than rent it. Do you agree with this statement or not

In

this

day and age, the topic of owning a

house

is something that bears some consideration. Despite the writer contending that

home

ownership

will provide stability and become an

income

source, some

people

believe that renting lowers utility costs. It must be acknowledged that owning a

house

will create a sense of belonging and connection to a place.

This

is

due to

the fact that when

people

know that their name is printed on the

house

-owning document, they don’t have to watch their backs and be concerned that they might be turfed out of the place they’re living.

As a result

,

people

start to feel that they’re part of the community which makes building good relationships with their

neighbors

Change the spelling

neighbours

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easier, especially in a family unit.

Therefore

, having your own

house

allows your family members to feel secure because there’s always a

home

at the end

of the day.

Furthermore

, having

house

ownership

gives possibilities for passive

income

. If the

house

owners decide to rent out rooms that are redundant, their tenants can cover part of the landlord’s living expenses. In

this

situation, the landlord will earn extra

income

without wasting the available room

while

the tenants can have their suitable room to live in. It must

also

be noted that when the

house

’s owner no longer wants to stay, they can sell it to get their dream

house

in another place. Those who support renting a

house

emphasize flexibility as to where to live and the pressure of having a mortgage. They argued that the criminally expensive price of the

house

is not worth it and the monthly mortgage payment gave them a lot of hassle.

This

point had credibility, but when

people

retired, it is necessary to have a

home

to settle down. By having

house

ownership

, individuals can start a family without worrying too much about the rental expiration and use the redundant area in their

home

to earn extra

income

.

While

house

mortgage is a serious problem, the evidence regarding stability and passive

income

supports the implementation of having

house

ownership

.

Thus

, it should have been shown that owning a

house

will benefit

people

in the long term.