In some countries, owning home rather than renting one is very important. Why might this be the case? Do you think is it a positive or negative situation?
In some countries, owning home rather than renting one is very important. Why might this be the case? Do you think is it a positive or negative situation? 3aMXl
In some countries, owning home rather than renting one is very important. A number of reasons generally affect this decision, for instance: house is generally considered as permanent asset, it is a safety for future, investing on house is a good investment, owning a house can express a level of aristocracy for some people and so on. I think it is mostly a positive situation but if people spend money on houses where they do not live, or just to decorate, then it may have a negative situation only in this case.
Firstly, a house is generally considered as a permanent asset. If a person is the legal owner of a house, then he\she can have it for the rest of his life. In that case, a house is a good option for making a permanent asset where the person can live the rest of the life and never get to worry about leaving the rented apartments because, rented apartments are not garunteed for how long they can keep the renters. People generally want a peaceful life after their retirement. That is why, they buy houses with any means they can so that they can live their retirement.
Then, in some countries, people generally buy houses to ensure the future of their offspring. They feel that, they have to buy houses for their children so that they do not have to worry about buying houses when they get older. Mostly, citizens of South Asian countries feel interested to purchase houses for their future generation.
Next, a house is always a good investment when money is needed. Some people buy houses for economic or business purposes as well. Often, people buy houses in order to give that for rent to other people to live there or to company who rent that house for any specific business. Also, in some cases, people can sell their houses when they need money. Usually, a bank credit costs a lot more that selling own asset. In that case, they do not have to count the share of interest that is provided by the load from a bank if they sell their own property.
Lastly, buying a house can increase the status of a number people in the society. A number of people often want to buy a house just to show off their power, money, capabilities and so on. A number of people usually would like to show their aristocracy to the other class of people of society even though the number is quite low. Mostly, people buy houses for specific and valid reason, still, there are other people who do not live in those houses but buy them anyway. A number of celebrities do this quite often while most ordinary people buy them either to live or for settling a property for the future.
In conclusion, people buy houses for different reasons. Mostly, people buy them for owning a property or business purpose or other valid reason. Sometimes, people may buy houses for express their capabilities yet it is quite a few. In the end, owning houses is mostly beneficial for most of the people in most of the cases. Also, owning a house rather than renting a house or an apartment has a significant and positive effect in the society.
In
some
countries,
owning
home
rather
than renting one is
very
important
. A
number
of
reasons
generally
affect this decision,
for instance
:
house
is
generally
considered as permanent
asset
, it is a safety for future, investing on
house
is a
good
investment,
owning
a
house
can express a level of aristocracy for
some
people
and
so
on. I
think
it is
mostly
a
positive
situation
but
if
people
spend
money
on
houses
where they do not
live
, or
just
to decorate, then it may have a
negative
situation
only
in this case
.
Firstly
, a
house
is
generally
considered as a permanent
asset
. If a person is the legal owner of a
house
, then he\she can have it for the rest of his life.
In that case
, a
house
is a
good
option for making a permanent
asset
where the person can
live
the rest of the life and never
get
to worry about leaving the rented apartments
because
, rented apartments are not
garunteed
for how long they can
keep
the renters.
People
generally
want a peaceful life after their retirement.
That is
why, they
buy
houses
with any means they can
so
that they can
live
their retirement.
Then, in
some
countries,
people
generally
buy
houses
to ensure the future of their offspring. They feel that, they
have to
buy
houses
for their children
so
that they do not
have to
worry about buying
houses
when they
get
older.
Mostly
, citizens of South Asian countries feel interested to
purchase
houses
for their future generation.
Next
, a
house
is always a
good
investment when
money
is needed
.
Some
people
buy
houses
for economic or business purposes
as well
.
Often
,
people
buy
houses
in order to give that for rent to
other
people
to
live
there or to
company
who rent that
house
for any specific business.
Also
, in
some
cases,
people
can sell their
houses
when they need
money
.
Usually
, a bank credit costs a lot more that selling
own
asset
.
In that case
, they do not
have to
count the share of interest that
is provided
by the load from a bank if they sell their
own
property.
Lastly
, buying a
house
can increase the status of a
number
people
in the society. A
number
of
people
often
want to
buy
a
house
just
to
show
off their power,
money
, capabilities and
so
on. A
number
of
people
usually would like
to
show
their aristocracy to the
other
class
of
people
of society
even though
the
number
is quite low.
Mostly
,
people
buy
houses
for specific and valid
reason
,
still
, there are
other
people
who do not
live
in those
houses
but
buy
them anyway. A
number
of celebrities do this quite
often
while most ordinary
people
buy
them either to
live
or for settling a property for the future.
In conclusion
,
people
buy
houses
for
different
reasons
.
Mostly
,
people
buy
them for
owning
a property or business purpose or
other
valid
reason
.
Sometimes
,
people
may
buy
houses
for express their capabilities
yet
it is quite a few. In the
end
,
owning
houses
is
mostly
beneficial for most of the
people
in most of the cases.
Also
,
owning
a
house
rather
than renting a
house
or an apartment has a significant and
positive
effect in the society.