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It is true that people prefer to own a home rather than the rent in some countries because they people can avoid the restrictions of a rented home with the burden of paying a monthly rent fee. I believe it is negative situation because of the difficulties that may arise when people own a home.
There is the tendency to own a home rather than rent because people cannot use their home freely in a rented accommodation renting home. First of all, between the landlord and the tenant, some rules are exist when they sign the agreement such as regulation of interior changes. Sometimes even the tenants cannot bring their pets to the home when the landlord does not permit. However, people can not only renovate their place’s interior or exterior, but also raise any pets like dogs and cats if they own the place. Additionally, usual rent fee are paid monthly and these can be the financial burden to tenants who have seasonal jobs.
Despite of the reasons above, I assert the trend of preferring home ownership is a negative situation because there would be a variety of difficulties when people own their home. Firstly, most people utilize the mortgage loan from banks to buy a house or condo for their own. Moreover, a lot of maintenance should be done at home and these costs also need to be paid by the owner. As a result, more money may be required requires to pay off the mortgage, the interest and other maintenance maintaining fees. Thus, owning a home can cause more financial burden to both individuals and the society due to the increasing debt rate of households. In conclusion, people have preferred to own their home because there is of no regulation of utilizing their home and the burden of monthly payment for the rent. However, excessive home ownership would bring negative effects on our society due to increasing debt rate and more burden of finance to keep their home. |