In some countries , owing a home rather than renting one is very important
In some countries, owing a home rather than renting one is very important wBnBY
Nowadays, it is been observed that, people prefer to purchase a house rather than taking one on a lease is some nations, as it play vital role in their life. There are ample reasons of this behavioural change. To begin with, people feel secure. As, it is one kind of investment and through it they will earn interest in various forms. Addition to it, they do not have to worry about monthly rent. Secondly, they will get independence through it. Being a owner they can modify their house as per personal choice. Finally, at a time of recession people might use that same Investment to cover loss. As per my opine, it is positive development. People will get benefits in so many ways. First and foremost is they are not answerable to landlord. Secondly, this development will help government and society both. Government will get to know, through ownership of the asset that at what phase societal development reached. Lastly, it will help owners to save that rent money and can diverse it to another place. However, due to it some underprivileged people buy house by taking loan. Thus, in some cases it can be negative development. To sum up, it holds more benefits than drawbacks. As it help in development of nation indirectly through various ways
Nowadays, it
is been
observed that,
people
prefer to
purchase
a
house
rather
than taking one on a lease is
some
nations, as it play vital role in their life. There are ample reasons of this
behavioural
change
. To
begin
with,
people
feel secure. As, it is one kind of investment and
through
it
they will earn interest in various forms. Addition to it, they do not
have to
worry about monthly rent.
Secondly
, they will
get
independence
through
it. Being
a
owner they can modify their
house
as per personal choice.
Finally
, at a time of recession
people
might
use
that same Investment to cover loss. As per my opine, it is
positive
development
.
People
will
get
benefits in
so
many
ways.
First
and foremost is they are not answerable to landlord.
Secondly
, this
development
will
help
government
and society both.
Government
will
get
to know,
through
ownership of the asset that at what phase societal
development
reached.
Lastly
, it will
help
owners to save that rent money and can diverse it to another place.
However
, due to it
some
underprivileged
people
buy
house
by taking loan.
Thus
, in
some
cases it can be
negative
development
. To sum up, it holds more benefits than drawbacks.
As
it
help
in
development
of nation
indirectly
through
various
ways