In some societies, people tend to buy a house instead of leasing one. This phenomenon seems to be arose on account of the growing cost of housing in those countries. The creating economic problems due to increased demand for home ownership will be discussed as the main pitfall.
the cost of housing will be escalated every single year, consequently people who has rented a home have to pay more rental expense. This theorem, albeit governments have plan for controlling the price of properties, might raise concerns lessees to own a house. Such perturbation could encourage people to develop the idea of house ownership in their minds. This measure, hence, would maximize house value and lead people to purchase them.
On a negative note, the more citizens own houses, the less property will be for sell. This means that estate value will be extended day by day. This action, gradually, motivate people to invest their money on buying properties such as houses, shops and haciendas instead of participate in stock exchanges or production investment. Such approach, in long term, would make owning a house more arduous and might generate a great deal of economic inflations in those countries.
In the light of the above-mentioned analysis, in some nations, buying a home rather than renting one is momentous to people since the price of housing is increasing and people’s affordability significantly will be diminished. Forming the economic climate owing to soaring consumer demand for home ownership were debated as one of the key drawbacks.
In
some
societies,
people
tend to
buy
a
house
instead
of leasing one. This phenomenon seems to be
arose
on account of the growing cost of housing in those countries. The creating economic problems due to increased demand for
home ownership
will
be discussed
as the main pitfall.
the
cost of housing will
be escalated
every single year,
consequently
people
who
has
rented a home
have to
pay more rental expense. This theorem, albeit
governments
have plan for controlling the price of properties, might raise concerns lessees to
own
a
house
. Such perturbation could encourage
people
to develop the
idea
of
house
ownership in their minds. This measure,
hence
, would maximize
house
value and lead
people
to
purchase
them.
On a
negative
note, the more citizens
own
houses
, the less property will be
for sell
. This means that estate value will
be extended
day by day. This action,
gradually
, motivate
people
to invest their money on buying properties such as
houses
, shops and haciendas
instead
of participate in stock exchanges or production investment. Such approach, in long term, would
make
owning a
house
more arduous and might generate a great deal of economic
inflations
in those countries.
In the light of the above-mentioned analysis, in
some
nations, buying a home
rather
than renting one is momentous to
people
since the price of housing is increasing and
people’s
affordability
significantly
will
be diminished
. Forming the economic climate owing to soaring consumer demand for
home ownership
were debated
as one of the key drawbacks.