In several countries keeping a accommodation aside from tenant is crucial for individuals. In my opinion there are positive effects in addition this essay will further elaborate my views.
After analyzing the statement, the first and the foremost reason behind this is masses have to escape from the rental because along with the development the breadwinner is dropping the government expanding the tax rates. Moreover, people feels that the income they save from the rent can be used in different ways like shopping or investing purpose. This can enhance their living standard of life. They can get the admission of their children in a reputed school which offers them the quality education than the low level schools. furthermore, in emergency situation they can use that money which they saved beside they can buy a new car transport for them. For instance, the average rent in United state of America is approximately 25thousand us dollars per annum which is a huge amount.
To explicate it, we cannot overcome the negative effects of buying a house as we know the average house costs around 2.5million dollars in America it is a emmense amount we can invest this income in bank or other stock markets we can get a handsome amount of profit within the first month. For example a international studies proved that we can get a profit of hundred thousand dollars by investing 1 million dollars. So from my perspective we can pay the rent from the profit that we get from investment.
To conclude it, there are positive effects as well as negative effects of buying a new house.