People in some counties prefer to buy a house, instead of renting and this issue is really important for them. There are many reasons why this case is significant for them that I will elaborate on some of them below.
Habitation is one of the basic needs for any household but in some countries, due to the lack of economic stability it has turned into a concern and individuals must own a home as soon as possible.
Economic stability is influential in various ways. Firstly, in some cases, people cannot rent a house with constant rent. It means a huge increase in rent price annually causes people could not afford it, while in other countries usually, this growth has a normal percent. Similarly, in these countries, the value of national money collapses daily. Therefore, the inflation rate is high which leads to a diminishing in buying power. As a result, if a person with limited savings does not own a home today, he or she probably cannot buy in the future since his or her investment will lose its value.
In my point of view, this issue is negative and one of the worse crises that any country can be struggling with because it means that people are not sure about economic conditions. Furthermore, owing to weaknesses in economical infrastructure people are concerned about their basic needs such as living place.
In conclusion, in some countries due to economic problems, people try to own a home instead of renting, which counts as a negative situation.
People
in
some
counties prefer to
buy
a
house
,
instead
of renting and this issue is
really
important
for them. There are
many
reasons why this case is significant for them that I will elaborate on
some
of them below.
Habitation is one of the basic needs for any household
but
in
some
countries
, due to the lack of economic stability it has turned into a concern and individuals
must
own
a home as
soon
as possible.
Economic stability is influential in various ways.
Firstly
, in
some
cases,
people
cannot rent a
house
with constant rent. It means a huge increase in rent price
annually
causes
people
could not afford it, while in other
countries
usually
, this growth has a normal percent.
Similarly
, in these
countries
, the value of national money collapses daily.
Therefore
, the inflation rate is high which leads to a diminishing in buying power.
As a result
, if a person with limited savings does not
own
a home
today
, he or she
probably
cannot
buy
in the future since
his or her
investment will lose its value.
In my point of view, this issue is
negative
and one of the worse crises that any
country
can be struggling with
because
it means that
people
are not sure about economic conditions.
Furthermore
, owing to weaknesses in economical infrastructure
people
are concerned
about their basic needs such as living place.
In conclusion
, in
some
countries
due to economic problems,
people
try to
own
a home
instead
of renting, which counts as a
negative
situation.