Many people from different countries have different views on
possessing their own homes. Some prefer to invest in their own house more than
renting one. This essay explains the possible reasons for this choice and the
implications of this.
A house is an investment. In the Philippines, many people
dream of possessing a house of their own. This is because it is emphasized in
the community that it is a symbol of success. Buying a property is expensive
and requires dedication and hard work. People believe that being able to have a
place where one can retire and keep their families safe and secure is the
ultimate goal. In addition, having a place where you can exercise freedom,
physically and financially, is an attractive idea for a lot of people. When renting,
there is a threat of being kicked out if a person fails to pay their monthly
dues. When this happens, families are forced to temporarily or permanently stay
in desolate places or roadsides, therefore, making dreaming of having your own
house stronger.
Although, there are many points to be considered before
buying a house. Other than the ideas mentioned above, several pros can still be
provided. Nowadays, some houses are not only living spaces but also doubles as
a commercial area. There are families who run their own small business in extra
rooms in their houses. Also, more and more people are preferring to work from
home, and having the liberty to upscale or renovate a room as a small office is
a convenience only homeowners have. However, as stated earlier, it is not a
goal that can be afforded easily by everyone. Recently, real estate companies
provide striking promos and discounts to aspiring homeowners. The rent-to-own scheme has enticed many people to sign-up for long-term contracts. As a result,
these people need to pay rent fees every month for at least ten years which is the opposite of their aim of being financially-free of debts.
To conclude, I firmly think that a house is a necessity. The
option of buying one or renting depends entirely on what the person’s purposes
are and his or her financial capability. Both demand money and both provides
comfort and security.
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