Pursasive essay on buying versus renting Example | Topics and Well Written Essays - 750 words

Pursasive on buying versus renting - Essay Example This is done to take the most appropriate decision according to current financial situation of the world. Economic decisions are extremely important owing to the inflation that has taken place in the world. This results in the want for wise financial choices to prevent the losses that may result. The issue of buying versus renting is an important economic matter. It is a decision that affects the economic condition of an individual for a long time and hence a very careful decision on this subject is required. Renting and buying have their own positive as well as negative points and the final choice needs to be made according to the needs of the individual considering both the present and the future benefits. Buying is basically the purchasing of property where the individual tends to enjoy all rights over his property. The maintenance and every important decision regarding the property are taken by the buyer. The buying may be done by the payment of full amount or it may be done on m ortgage where installments are paid every month. On the other hand, renting is basically a deal with a landlord to use their property on fixed terms and conditions and vital matters lie in the hands of the landlord. A fixed payment is paid every month in the form of rent. According to the analysis performed by the New York Times and which was updated on the eleventh of May 2011, the current global financial situation is better for the option of buying rather than renting. This is particularly true for people who wish to use their property for periods of greater than half a year. The overall financial benefit would be that of $10460 over the six month period (Conner 2010; Quealy et al 2011). Buying makes a person the legal owner of his property. It brings with it a sense of satisfaction that the house that the person is residing in truly belongs to him. He cannot be asked to leave by the landlord as is the case with renting. A person can make any alterations and changes in his proper ty as per his will, without any interference by other people. Buying provides other financial benefits as well. A person receives relaxations in the federal tax payments owing to the reductions of the property taxes as well as the interest of mortgage. With the rising inflation, the cost of living keeps on increasing. The amount of rent also keeps on rising. On the other hand, the installments of mortgage stay fixed and do not increase according to this rule. Therefore, the stability in the cost of living is advantageous for the buyers. During the time period that the person pays the lease, he can also use his property for living and utilize it for any other purpose. This is a benefit as a person basically invests for his own comfort and his monthly payment is not wasted but is rather utilized towards the payment of his property. Furthermore, the property values keep on rising with increasing time. Thus, the lease that the person is paying is basically a form of investment and he wo uld not go in loss. This is because sale of the property after a few years would yield more financial benefit (Conner 2010). According to an economic analyst, Andres Carbacho-Burgos, â€Å"A year ago, it was a better deal to rent. Now you have a significant number of areas, especially those hit the hardest by the correction, where, when you compare prices to rents, you'd be led to believe it's a good time to buy." He provided this analysis in the year 2009 by considering the economic balance between the price of renting and buying in the United States. Renting is an option that may be considered for people who wi

Westward Expansion Essay Example | Topics and Well Written Essays - 1000 words

Westward Expansion - Essay Example At this time, America reached the idea of exploring its boundaries up to the shores of the Pacific. Leaders, as well as politicians of the then government used the phrase, â€Å"Manifest destiny,† to present an explanation it was the mission and destiny of the United State to extend its boundaries by act of moving westward. By then, the initial 13 American colonies had grown; there was also an increased desire for acquiring new land. The Westward Expansion entailed various sub-phenomena: The Expedition of Lewis and Clark, the Act of Homestead, the concept of Gold Rush, the Trail of Oregon, and the famous Transcontinental Railroad. All these concepts changed the life of thousands of Americans. People started shifting to the west for land, power, gold, and wealth. Some peoples’ dreams were fulfilled, although often people abandoned the West desperately. Native Americans are intertwined with the Westward Expansion’s historical events. Sometimes encounters between th e Native Americans and those moving West were at times positive and in other times disastrous; was not a great idea for some. Unfortunately, negative encounters emerged from misunderstood values of the involved groups cultures. Work Cited: Billington, Ray A., and Ridge, Martine. Westward Expansion: A history of the American Frontier. 6th ed. Library of Congress cataloging-in-Publication Data, 2001. (pp. 17-46). Quay, Sara E. Westward Expansion. Library of Congress cataloging-in-Publication Data, 2002. 19th C. American Westward Expansion. Accessed 4 Dec. 2011. (pp. 3-8). from http://www.synaptic.bc.ca/ejournal/hstryidx.htm Concerning the phenomenon of Lewis and Clark Expedition, President Thomas Jefferson, in 1803, purchased the Territory of Louisiana, for $15 million from France. By embracing the Act of Expedition, the nation of America registered a growth of approximately 1 million miles square; between the regions of Mississippi to Rockies, as well as between the Gulf of Mexico an d Canada. President Jefferson sent Corp’s of Discovery by William Clark and Meriwether Lewis, in an attempt of obtaining a reliable water route form the Pacific as well as the nation gains an exploration of new territory. In 1862, The Homestead Act was signed in by Abraham Lincoln, in an effort of motivating people to proceed to the west and tend new lands and to take effect on the 1st of January 1863. The Act of Homestead provided about 160 acres to people. Every â€Å"homesteader† had to pay a fee of $10 for filing. Thereafter, they had to occupy the land and establish homes. The ownership was in effect, so long as the land was to be occupied and cultivated for a period of five years. About 270 million acres of land got claimed as well as settled per The Homestead Act. Gold was discovered in January 1848, on the estate referred to as John Sutter in California. In the same year, the findings of the treasurer, gold, was validated by President James Polk; the Gold Rush started. Those who proceeded to the west in search for gold, were termed; the â€Å"forty-niners† (49ers), since many abandoned their homes within the course of the year, 1849. Incidentally, others joined the gold region in 1848 and thus, were referred to as the 48ers. Consequently, California emerged a populous state following the Gold Rush. The United States laid thousands of track miles in 1835 that is in the eastern part. Trains eased the shipping of goods; it also made the cost of shipping go down and the process was quick. There was the emergence of towns and factories started to be established along the route of the railroad. Native Americans