IN SOME COUNTRIES, OWNING A HOME RATHER THAN RENTING ONE IS VERY IMPORTANT FOR PEOPLE
IN SOME COUNTRIES, OWNING A HOME RATHER THAN RENTING ONE IS VERY IMPORTANT FOR PEOPLE qLr1G
Shelter is a basic need indeed. In number of countries, having their own apartment or flat is important compared to renting one from the house owners. However, I think owning an apartment or a flat is favorable to people.
As we all know, renting allows us to do only a certain things in a house. When a person rents a house for his family, he is restricted from modifying the flat as per his wish. Even though he is paying the monthly rental. For example, families cannot paint the color they want or hang a picture of their wish. A family lived next to us in rented flat. They got sued for changing the door color. Renting a house is implied with rental agreements, when the agreement expires, families have to leave. It does not matter they found a new apartment or not. Due to these scenarios, I think having an own house is a blessing.
Moreover, when you buy a house the rate is fixed and land in owned. While you are on a rented flat, rent can be increased on a monthly basis or yearly basis regardless of whether the income has increased or not. In 2019 my rent for the hostel room was $700. However it has now hiked up to $925, which is unfair. Also, I advise, it is better to save the money to acquire a place rather than renting. This would bring enormous benefits in the future. If you already own a house you can allocate that rental cash to buy a second handed vehicle.
To conclude, owning a house is vital is these days, when the inflation increases, the rate for the rent will also increase, thus better save some money and buy a place in the future. So, I strongly think owning a flat or a house is crucial compared to renting one.
Shelter is a basic need
indeed
. In number of countries, having their
own
apartment or
flat
is
important
compared to
renting
one from the
house
owners.
However
, I
think
owning an apartment or a
flat
is favorable to
people
.
As we all know,
renting
allows
us to do
only
a certain
things
in a
house
. When a person
rents
a
house
for his
family
, he
is restricted
from modifying the
flat
as per his wish.
Even though
he is paying the monthly rental.
For example
,
families
cannot paint the color they want or hang a picture of their wish. A
family
lived
next
to us in rented
flat
. They
got
sued for changing the door color.
Renting
a
house
is implied
with rental agreements, when the agreement expires,
families
have to
leave
. It does not matter they found a new apartment or not. Due to these scenarios, I
think
having an
own
house
is a blessing.
Moreover
, when you
buy
a
house
the rate is
fixed
and land in
owned
. While you are on a rented
flat
,
rent
can
be increased
on a monthly basis or yearly basis regardless of whether the income has increased or not. In 2019 my
rent
for the hostel room was $700.
However
it has
now
hiked up to $925, which is unfair.
Also
, I advise, it is better to save the money to acquire a place
rather
than
renting
. This would bring enormous benefits in the future.
If
you already
own
a
house
you can allocate that rental cash to
buy
a second handed vehicle.
To conclude
, owning a
house
is vital is these days, when the inflation increases, the rate for the
rent
will
also
increase,
thus
better save
some
money and
buy
a place in the future.
So
, I
strongly
think
owning a
flat
or a
house
is crucial compared to
renting
one.