In some countries, instead of renting a house people tend to possess their own home which is a necessity in their life. In my opinion, there are several reasons and beneficial for this phenomenon.
There are some reason to explain why people prefer to own a private property. The most common reason is that owning a accommodation which makes they feel some sense of security and stability as well as this, people who possess a house have better equity and finances. For instance, due to the COVID 19 pandemic, almost people must practice social distancing. Hence, a lot of individuals were not only put of work but also they were not able to afford to pay the monthly rent. Furthermore, homeownership is likely to more common in some East Asian countries like Vietnam because it is supposed by their possession that they have a responsibility to preserve for their children and worship their ancestor easily. Therefore, saving money buying a house is essential decision in their life.
Personally, I strongly believe that this trend impact on positive development. The most significant reason is that owning a house which allows them to have a comfortable and free life, also help us from the pressure of paying monthly rent. For instance, if people own a rental, they will get bound to anyone’s rules and regulations and be subject to the owner’s words. Moreover, the price of the house or the apartment gets expensive yearly, and a lot more people would not be able to buy their own place. To be more precise, if the cost of the house is getting higher and higher than now, only rich people can buy the accommodation and it could bring a phenomenon in which housing prices are becoming more and more expensive. Therefore, owning a home will bring long-term value over generations
In conclusion, I think it’s good that in some countries people to go to buy their own house even though it’s not always easy task.
In
some
countries,
instead
of renting a
house
people
tend to possess their
own
home which is a necessity in their life. In my opinion, there are several
reasons
and beneficial for this phenomenon.
There are
some
reason
to
explain
why
people
prefer to
own
a private property. The most common
reason
is that owning
a
accommodation which
makes
they feel
some
sense of security and stability
as well
as this,
people
who possess a
house
have better equity and finances.
For instance
, due to the
COVID 19
pandemic, almost
people
must
practice social distancing.
Hence
,
a lot of
individuals were not
only
put of work
but
also
they were not able to afford to pay the monthly rent.
Furthermore
, homeownership is likely to more common in
some
East Asian countries like Vietnam
because
it
is supposed
by their possession that they have a responsibility to preserve for their children and worship their ancestor
easily
.
Therefore
, saving money buying a
house
is essential decision in their life.
Personally
, I
strongly
believe that this trend impact on
positive
development. The most significant
reason
is that owning a
house
which
allows
them to have a comfortable and free life,
also
help
us from the pressure of paying monthly rent.
For instance
, if
people
own
a rental, they will
get
bound to anyone’s
rules
and regulations and be subject to the owner’s words.
Moreover
, the price of the
house
or the apartment
gets
expensive yearly, and a lot more
people
would not be able to
buy
their
own
place. To be more precise, if the cost of the
house
is getting higher and higher than
now
,
only
rich
people
can
buy
the accommodation and it could bring a phenomenon in which housing prices are becoming more and more expensive.
Therefore
, owning a home will bring long-term value over generations
In conclusion
, I
think
it’s
good
that in
some
countries
people
to go to
buy
their
own
house
even though
it’s not always easy task.