There exists a school of thought that people have a tendency to value the possession of a private residence instead of signing leases for a rented house in several particular nations. This essay would make an attempt to shed some light on the driving forces behind this notion before drawing a reasoned conclusion that it is a dire trend.
In the first place, the fact that possessing an individual property is more desirable than renting one could be attributed to two compelling/valid reasons. The first justification is that the acquisition of a house could be more financially saving in the long run than paying periodic renting payments. This could be strengthened by the fact that nowadays numerous real estate companies willingly offer alluring discount interest rates in order to promote faster sales. Another worth mentioning rationale is that people would lead a more independent life and experience greater freedom compared to residing under a rented roof. To provide a supporting example, a house owner need not to concern whether he is disturbing or being disturbed by other tenants.
Notwithstanding the aforementioned reasons, I lean towards the idea that such perception has several drawbacks. Undoubtedly, to satisfy the inexorable demand for private houses, a mass amount of land has to be cleared and flattened to make room for these residences. This practice would take a heavy toll on the environment, effectively, leading to the vast clearance of trees and the natural habitats. On the personal perspective, owning a home is synonymous with staying at a fixed place over a long course. In the event of tragic incidents such as extreme weather conditions, for example, a typhoon or a catastrophic cyclone, one might shoulder an unbearable financial loss if his or her mansion were heavily damaged or in worst-case scenario obliterated.
In conclusion, there are a number of factors enticing people into prioritizing the ownership of a home instead of a rental one. Nevertheless, I would argue that this way of thinking is of unfavourable ramifications
There exists a school of
thought
that
people
have a tendency to value the possession of a private residence
instead
of signing leases for a rented
house
in several particular nations. This essay would
make
an attempt to shed
some
light on the driving forces behind this notion
before
drawing a reasoned conclusion that it is a dire trend.
In the
first
place, the fact that possessing an individual property is more desirable than renting one could
be attributed
to two compelling/valid reasons. The
first
justification is that the acquisition of a
house
could be more
financially
saving in the long run than paying periodic renting payments. This could
be strengthened
by the fact that nowadays numerous real estate
companies
willingly
offer alluring discount interest rates in order to promote faster sales. Another worth mentioning rationale is that
people
would lead a more independent life and experience greater freedom compared to residing under a rented roof. To provide a supporting example, a
house
owner need not
to concern
whether he is disturbing or
being disturbed
by other tenants.
Notwithstanding the aforementioned reasons, I lean towards the
idea
that such perception has several drawbacks.
Undoubtedly
, to satisfy the inexorable demand for private
houses
, a mass amount of land
has to
be cleared
and flattened to
make
room for these residences. This practice would take a heavy toll on the environment,
effectively
, leading to the vast clearance of trees and the natural habitats. On the personal perspective, owning a home is synonymous with staying at a
fixed
place over a long course. In the
event
of tragic incidents such as extreme weather conditions,
for example
, a typhoon or a catastrophic cyclone, one might shoulder an unbearable financial loss if
his or her
mansion were
heavily
damaged or in worst-case scenario obliterated.
In conclusion
, there are a number of factors enticing
people
into prioritizing the ownership of a home
instead
of a rental one.
Nevertheless
, I would argue that this way of thinking is of
unfavourable
ramifications