Homeownership in recent economy with the disadvantage’s

Both passage and the lecturer are examining about homeownerships. It was once viewed as good investment with lots of advantages. On the other hand, the lecture cast doubt these assumption due to the recent economy changes. First, homeownership sound as an asset with positive result because the value of property rise gradually. Nonetheless, in short term, it still need to be reevaluate when the worth of property drop that will make the property holder to pay higher mortgage than it should. Therefore, it will be a disappointed investment. Second, the passage says that the great benefits of homeownership is we can achive such sense of security and stability by having the control over the living situation. In contrast, the speaker talks about the people who is struggling in paying mortgage with the possibility of foreclosure and drastic growth of sales might cause insecurity. Lastly, homeownerships gaining a positive outcome in education, health, crime. However, the burden of owning a house and unable to cover the mortgage certainly cause a mental impact both landlord and their family which resulting in strain and pressure for the entire family, especially for the children who will tend to have lower grade, less involve in school activity, and criminal rate will increase locally with a lower level of property holders.