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Essay 946 Topic 185 Purchase a house vs. purchase a business

If I had enough money to buy either a house or a business, I would prefer to spend the
money for a new home. Although both investments seem to be reasonable ones, I prefer
the investment in an new house because of the following reasons.

First of all, having a house which is paid off reduces the burden. I do not longer have to
worry about paying a monthly rent or mortgage. However, I would have to consider that
a house is also costly to maintain. Not everything is covered once the house is paid off.
There will always remain some spending for hydro, maintenance and other improvements
a house brings with it. Nevertheless, comparing to pay monthly rent I would have some
money left for leisure spending. For example, I could effort to buy the new car I always
wanted or to book the ticket for my dream vacation.

The second reason why I prefer to buy a house instead of buying a business is the fact,
that the investment in a house is considered more secure. Surely is the investment in a
business also a security but to me it seems less stable. A business sees good and bad
times, depending on the nature of industry and how the business is developing. Therefore
the value of the busin



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