Purchasing one’s first house is extremely hard in some parts of the world. There are a number of factors that affect this state, this essay provides causes related to this problem.
There are some reasons to affect homelessness. One of them is the lack of housing in urban areas because in cities there is not enough space to construct new housing apartments. Even if new houses are built, it will be difficult to supply utilities such as electricity, gas, cold and hot water and a drain system. Furthermore, the common reason is exorbitant prices of property. Obviously, houses are too expensive and some people are non-affordable to buy because they cannot buy a house for their salary or they cannot pay a monthly mortgage installment. For instance, in America and Japan many people live in rent rather than buying their own house.
There are some effective ways to solve this problem. For example, governments should aid new couples to buy their first house by subsidizing and helping to pay a certain percentage of the overall monthly mortgage.
Every year there is an increasing need for houses because of over-population. The government should relocate urban residents without homes to suburban areas and it should erect new houses and provide. This may be a small solution to the issue.
In conclusion, the challenge of buying a house is very high in some places. There are several features that affect this condition.