In most parts of the world, it is felt necessary to own a home instead of living in a rental property. While this situation may bring about some negative consequences, I believe having a private accommodation offers more benefits to individuals. On the one hand, the demand in private houses and flats will go up if more people start to buy their own accommodation. This could mean an increase in the price of real estate, as a result of which overall cost of living will become much higher for people. Moreover, the rush to purchase a permanent residence may put more psychological pressure on middle class population. Not being able to afford a private housing, these people to experience stress and dissatisfaction from their life. Owing to these reasons, the need to own a home may seem a negative development. On the other hand, I feel home ownership has several obvious advantages for ordinary people. Firstly, we could have a greater financial freedom if we own a private housing, because it will not be necessary for us to pay regular rental fees. This comes in handy in difficult situations such as when we are not able to earn money for a long time due to health issues. Secondly, greater control over the house people live in ensures them more enjoyable life. While there are some restrictions over what can be done with the decoration of rental accomodations, arranging the look and design of the house to fit their own needs means people gain psychological freedom of their own oxistance. In conclusion, some difficulties in mind, I do think home ownership is a positive trend since it provides us with us with both economic and psychological independence.
In most parts of the world, it
is felt
necessary to
own
a home
instead
of living in a rental property. While this situation may bring about
some
negative
consequences, I believe having a
private
accommodation offers more benefits to individuals. On the one hand, the demand in
private
houses
and flats will go up if more
people
start
to
buy
their
own
accommodation. This could mean an increase in the price of real estate,
as a result
of which
overall
cost of living will become much higher for
people
.
Moreover
, the rush to
purchase
a permanent residence may put more psychological pressure on middle
class
population. Not being able to afford a
private
housing, these
people
to experience
stress
and dissatisfaction from their life. Owing to these reasons, the need to
own
a home may seem a
negative
development.
On the other hand
, I feel home ownership has several obvious advantages for ordinary
people
.
Firstly
, we could have a greater financial freedom if we
own
a
private
housing,
because
it will not be necessary for us to pay regular rental fees. This
comes
in handy in difficult situations such as when we are not able to earn money for a long time due to health issues.
Secondly
, greater control over the
house
people
live
in ensures them more enjoyable life. While there are
some
restrictions over what can
be done
with the decoration of rental
accomodations
, arranging the look and design of the
house
to fit their
own
needs means
people
gain psychological freedom of their
own
oxistance
.
In conclusion
,
some
difficulties in mind, I do
think
home ownership is a
positive
trend since it provides
us with us with
both economic and psychological independence.