In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?
In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation? PVrwd
It is thought that being a houseowner is significantly more crucial than renting a house in several nations. I, however, strongly believe that this belief potentially could cause a negative situation especially in terms of finance.
People believe that buying a house is one of the most high-return investment because there are a number of success examples. Take for example, Vancouver and Toronto, people who purchased a house a decade ago would make a large amount of money if they sold it now. Thus, people tend to think that if they buy a reasonable house, especially in an underdeveloped city or developing one, the value of it will be a few times higher in the future. Moreover, they might think even though the value of the house does not increase, they can simply live in, therefore owning a house is undoubtfully beneficial.
However, there is a huge possibility of losing the value of a house by market crash or natural disaster. Needless to say, no one can tell what will happen in the future. In other words, it is possible that a house gets completely crashed by natural disaster, such as flood, earthquace. Moreover, the value of a house could be half or even less suddenly because of unpredictable market crash. Renting one, on the other hand, people will never get any affects from market crash or natural disaster.
In conclusion, there is a huge risk of being a houseowner financially. Therefore, people ought to consider to rent a house rather than owning one.
It is
thought
that being a
houseowner
is
significantly
more crucial than renting a
house
in several nations. I,
however
,
strongly
believe that this belief
potentially
could cause a
negative
situation
especially
in terms of finance.
People
believe that buying a
house
is one of the most high-return investment
because
there are a number of success examples. Take
for example
, Vancouver and Toronto,
people
who
purchased
a
house
a decade ago would
make
a large amount of money if they sold it
now
.
Thus
,
people
tend to
think
that if they
buy
a reasonable
house
,
especially
in an underdeveloped city or developing one, the
value
of it will be a few times higher in the future.
Moreover
, they might
think
even though
the
value
of the
house
does not increase, they can
simply
live
in,
therefore
owning a
house
is
undoubtfully
beneficial.
However
, there is a huge possibility of losing the
value
of a
house
by market crash or natural disaster. Needless to say, no one can
tell
what will happen in the future.
In other words
, it is possible that a
house
gets
completely crashed by natural disaster, such as flood,
earthquace
.
Moreover
, the
value
of a
house
could be half or even less
suddenly
because
of unpredictable market crash. Renting one,
on the other hand
,
people
will never
get
any affects from market crash or natural disaster.
In conclusion
, there is a huge
risk
of being a
houseowner
financially
.
Therefore
,
people
ought to
consider to rent
a
house
rather
than owning one.