Is Home Ownership Possible for Everyone?

Is Home Ownership Possible for Everyone?

Homeownership to working families may sound obsolete, yet, there are still a lot of families who don’t own a home. Is it because of the price or the distance? But, in most cases family workers who are high earners tend to own two or three homes.
In China, more than 10 percent of households have two or more homes, found the study of 14,960 families in Shanghai, plus Henan, Gansu, Guangdong and Liaoning provinces. The average size of a home owned by a Chinese family is 100 square meters - 30 square meters per person, according to the survey while in the United States the homeownership rate] in 2009 remained similar to that in some other post-industrial nations with 67.4% of all occupied housing units being occupied by the unit's owner. Home ownership rates vary depending on demographic characteristics of households such as ethnicity, race, type of household as well as location and type of settlement. In addition, in the Philippines, there are housing projects of the Philippine government. for low income earners and with stable income to apply for homeownership in an affordable price depending on the mode of payment.
I believe that every family wished to have their own homes may it be built in the piece of land inherited from their parents or mortgaged. .However, both of these involves money. Nowadays, homeownership is more common to working families who live far from their office and business. Moreover, those who live in the countryside prefer to apply for homeownership and choose condominium units or houses located in places that are not far to travel. To investors, they apply for multiple home ownerships and have it rented to families, employees and even to students
.Home ownership is possible to anyone. This may seem like everything have ever wanted. But, we have to be cautious in choosing our new home not to waste time and money. Take some time to consider s few things beyond the size, style and price. Sometimes we immediately decide applying for home ownership without even getting a home inspection or getting the records of past improvements. We have to think about before making any decision.