Practice 1

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HIGH RATES OF HOME OWNERSHIP ARE BAD FOR THE ECONOMY


09/10/18



It has been argued that rises in the rate of home ownership can increase the rate of unemployment. Due to home ownership, people are more reluctant to move to find work. For example, in Spain, there is a high ownership that causes a high unemployment and in Switzerland, there is a low ownership that causes a low unemployment. In addition, other factors have been proposed such as the liquidity of housing markets that shows you how to sell houses easily. In conclusion, the theory is still controversial.

 To begin with this fact, high rates of home ownership are bad for the economy because it causes a lot of unemployment in countries like Spain. Nowadays, the government is increasing the rate of many usual things that people buy just to live in good conditions. Home ownership is one of the things that is getting worse day by day due to the high rates due to many people that cannot afford to live in a house in good conditions. The fact gets worse when unemployment problems appear. In conclusion, one day will appear factors to improve this situation.

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