In some countries, owning a home rather than renting one is very important for people. Why might be the case? Do you think this is a positive or negative situation?
In some nations, having a house is more essential for some individuals than renting a home. This is because it is cheaper to purchase a home and I believe it brings security and is considered beneficial for future investment.
The main reason why owning a home is more suitable for some people is because it is cheaper. That is to say that nowadays, renting a property is considered to be expensive, therefore, some people prefer to take a mortgage and pay the same or less amount of money to return it. Eventually, they own the house, whereas, by renting people can’t own the property after a period of time. For example, a study conducted by The BBC revealed that 80% of residents in Cancun own a house because renting is double the price of owning.
It is a positive situation due to the benefits that people might have, such as they are more secure and they can invest in their property. This is because if people rent, the landlord could kick them out at any moment, however, when they own their own home, there is no risk of losing it or anyone controlling them. Moreover, people who own a house are financially secured because after they finish paying their mortgage, they can save their own money and if they want, they could rent or sell this property at a higher price and profit from it. For instance, 55% of elderly people who own a house, after a certain age, they rent their house in order to profit and have a regular income monthly.
In conclusion, some people prefer to own a house because it is cheaper than renting. I believe that owning a property makes people feel safer and financially stable in contrast to renting.
In
some
nations, having a
house
is more essential for
some
individuals than
renting
a home. This is
because
it is cheaper to
purchase
a home and I believe it brings security and
is considered
beneficial for future investment.
The main reason why owning a home is more suitable for
some
people
is
because
it is cheaper.
That is
to say that nowadays,
renting
a
property
is considered
to be expensive,
therefore
,
some
people
prefer to take a mortgage and pay the same or less amount of money to return it.
Eventually
, they
own
the
house
, whereas, by
renting
people
can’t
own
the
property
after a period of time.
For example
, a study conducted by The BBC revealed that 80% of residents in Cancun
own
a
house
because
renting
is double the price of owning.
It is a
positive
situation due to the benefits that
people
might have, such as they are more
secure and
they can invest in their
property
. This is
because
if
people
rent, the landlord could kick them out at any moment,
however
, when they
own
their
own
home, there is no
risk
of losing it or anyone
controlling
them.
Moreover
,
people
who
own
a
house
are
financially
secured
because
after they finish paying their mortgage, they can save their
own
money and if they want, they could rent or sell this
property
at a higher price and profit from it.
For instance
, 55% of elderly
people
who
own
a
house
, after a certain age, they rent their
house
in order to profit and have a regular income monthly.
In conclusion
,
some
people
prefer to
own
a
house
because
it is cheaper than
renting
. I believe that owning a
property
makes
people
feel safer and
financially
stable
in contrast
to
renting
.