If we speak for countries, sure it is different from another. For me personally, I think buying a house is the best choice. Because I think it secures me that I "have" a house. If we choose to rent house, of course, we must pay the rent every period for thing that I do not "have". Yes, it is true if we buy a house we must go to the bank to apply for mortgage loan if we do not have amount of money to full buy. But, it's a different feeling that we pay for something we have rather than we do not have. So, buying a house would give us full possession of the house for the rest of our lives. Another advantages if we choose to buy house is make it an asset for investment. Because everyone needs house to live in, right? Property prices generally rise, especially offer a strategic location, so it can give us new income.
Besides the benefit of owning a house, there is disadvantage for us. If we see house prices go up, obviously we must work very hard and save money to catch the price. Some people will use a credit scheme known as mortgage loan to get ownership of the house. Assuming that people apply for mortgage and bank easily release the loan, demand for buying house leads to price inflation, which can mean people on low incomes, such as young people, can find it impossible to buy their own home, forcing them to rent.
Overall, I think it is good that in some countries strive to own a house but there will be more effort to gain that.
If we speak for countries, sure it is
different
from another. For me
personally
, I
think
buying a
house
is the best choice.
Because
I
think
it secures me that I
"
have
"
a
house
. If we choose to rent
house
,
of course
, we
must
pay the rent every period for thing that I do not
"
have
"
. Yes, it is true if we
buy
a
house
we
must
go to the bank to apply for mortgage loan if we do not have amount of money to full
buy
.
But
, it's a
different
feeling that we pay for something we have
rather
than we do not have.
So
, buying a
house
would give us full possession of the
house
for the rest of our
lives
. Another advantages if we choose to
buy
house
is
make
it an asset for investment.
Because
everyone needs
house
to
live
in, right? Property
prices
generally
rise,
especially
offer a strategic location,
so
it can give us new income.
Besides
the benefit of owning a
house
, there is disadvantage for us. If we
see
house
prices
go up,
obviously
we
must
work
very
hard
and save money to catch the
price
.
Some
people
will
use
a credit scheme known as mortgage loan to
get
ownership of the
house
. Assuming that
people
apply for mortgage and bank
easily
release the loan, demand for buying
house
leads to
price
inflation, which can mean
people
on low incomes, such as young
people
, can find it impossible to
buy
their
own
home, forcing them to rent.
Overall
, I
think
it is
good
that in
some
countries strive to
own
a
house
but
there will be more effort to gain that.