In most nations, the public prefers buying a property
instead
of paying lease fees to the landlord. Linking Words
This
essay will expound on the reasons for the phenomenon and state my views on why it is more beneficial.
Linking Words
To begin
with, residence ownership is seen as a symbol of stability and security. Linking Words
In other words
, it is a way for people to put down roots in the community and represents a long-term asset. Linking Words
For example
, most Chinese families own flats because they can provide a comfortable living situation for their children in the future. If the accommodation is rented from other parties, they would not have a sense of permanence. Linking Words
Moreover
, purchasing a flat can offer financial benefits. Linking Words
Besides
the chance of value appreciation, it can be re-mortgaged to the bank when the owner requires extra funds. Linking Words
As a result
, residents in well-developed countries like Canada tend to own a house Linking Words
due to
the uptrend in property prices.
In my opinion, it is advantageous to own a flat because of the ability for better retirement planning. Linking Words
For instance
, in Hong Kong, it is more difficult for the elderly to rent a flat because lack of salary proof. Linking Words
Therefore
, having an everlasting place for home is important before a career departure. Linking Words
Additionally
, the high cost of living may lead to a continuous upsurge in rental charges. Analysts in Hong Kong predict the rent will have a 5% increase on average in coming years, which will cause tenants to spend more in the long term. Linking Words
Thus
, it is more worthy to own a property.
In conclusion, the decision of renting versus buying a home is a significant consideration for people. Having a self-own accommodation enables financial flexibility, and Linking Words
also
provides a comfort zone to individuals after their retirement. Linking Words
Hence
, it is outweighed by renting a flat.Linking Words
leephilip933