The Debate (6); why Buying a House is better than Car.

in hive-126193 •  11 months ago 

Contest Alert 🚨: The Debate (Week 6); Buying a House first or a Car first, which is better?

Bismillahir Rahmanir Rahim

My username is @abdulmukit and I'm from Bangladesh.

I hope everyone is well. Alhamdulillah I am also fine. I am going to participate in this wonderful contest name; Contest Alert 🚨: The Debate (Week 6); Buying a House first or a Car first, which is better? which is organized by the honorable @sahmie. Thank you for organizing such a nice contest.

I feel at home. One of the five basic human needs is housing. A car is a luxury item with a need, but a house is an essential item in our lives, and if there is no roof over the head to stay, what will happen to the car? Because a house is a daily necessity for people, if it falls between a car and a daily necessity for people, then it is. Even if there is no house, people are coming to meet the lack of it in some way, but if there is no house, it is said that people do not have the existence to support their heads. There is a saying in the village: Soil becomes Khati, gold becomes half, cloth is bought," so buying soil or a house is a wise thing to do.

There are several benefits to owning a home.

Especially for those who want to put down roots in a particular area.When you know you will be staying in a city for a long time, buying a property is a good idea to give yourself a sense of belonging and permanence. In addition, home prices often increase over time. Owning a home means increasing your wealth over time. Delaying your home purchase will require a larger investment (in addition to paying rent for an extended period of time).

Privacy and Control

One of the most prominent benefits of owning a home is complete control. You don't have to deal with the landlord. Whether it's minor maintenance or a complete rebuild of your entire property, you can make your own decisions. You also have complete privacy and are not accountable to the landlord for having any visitors. There will also be no more restrictions on pets.

Tax benefits

You can get tax benefits on your home loan principal and interest payments. If you take a home loan, you get income tax benefits under various sections, including Section 80C, Section 24, and Section 80 EEA. They offer benefits up to Rs 5 lakh, which makes them a very attractive option.

Long-term stability

Homeowners are four times less likely to relocate than renters in a given year. Residents who stay longer in a home and neighborhood have social ties, civic engagement, and social capital. Additionally, providing a home for your children to pay off in full is one of the most attractive aspects of homeownership for many parents.

Mental safety

One of the benefits of owning a home is having your own space. Coming home to your own home after a long day provides a sense of security and simply unparalleled comfort. After all, there's no place like "home" where you can truly relax and be yourself.

I am inviting my three dear friends, @tanjila-akter @aviral123 @sualehato, to the competition and hope they will participate in the competition.

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My phone details

DeviceLocation
CategoriesPhotography
CameraRedmi 9 Power
ModelM2010J19SI
Photographer@abdulmukit
LocationSylhet, Bangladesh

Thanks to all dear friends who are supporting this post.

Best Regards

@abdulmukit

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You just say it all. House is a long time asset that generate money but car is a liability.

Hello dear friend, welcome to our "Steem Fashion & Style" community. We are really happy to see your excellent publication. We always support such quality and plagiarism-free publications. We look forward to more such publications from you. Best wishes to you from our community.

Evaluation of
@azmulhaque
Criteria
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Status Club
#club75
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Voting CSI >5%
Verification date:
08-12-2023

Owning a house provides stability and security for you and your family. It gives you a place to call home, build roots, and create a sense of belonging. Plus, you won't have to worry about monthly rent payments or the uncertainty of moving from place to place.

Note: Your voting CSI is less that 5%, hence I will encourage you to vote on other user's posts.

Thank you