In some countries, people prefer to rent a house for accommodation, while in other countries people prefer to buy their own house. Does renting a house have more advantages or disadvantages than buying a house?

contemporary world, renting of an apartment is considered a better option in a
countries, rather than
have ownership or possession of
it. In my opinion, renting of a house has more apparent benefits in the form of less financial strains and smooth relocation for a job, than the negligible deficit of economic insecurity at the retirement
. One of the reasons that renting is a more practical option is that tenants have to pay fixed amounts of rent every month irrespective of any fluctuation in
rates or maintenance costs.
, any surge in mortgage rate or taxation has no direct impact on the renting person, enabling him to make his monthly budget, even with
fixed monthly income
a fixed monthly income
For example
, recent figures published by the Canadian Immigration Office have shown that most immigrants have rented apartments in Canada to avoid bank interest rates and taxation.
, in
era of advancement, everyone wants to excel in his field, and they have to switch jobs in
regard but
Accept comma addition
regard, but
possession of a home can prove the biggest hurdle in their relocation. People have to turn down opportunities of their lives, just because they are not able to shift to other cities, leaving their
For instance
, statistics from the Punjab Health Department have shown that 60% of
doctors have refused to leave Lahore and join in peripheries as
of them or themselves
own houses and not willing to go to their families. Those who oppose
idea state that it is always better to have some savings for the old
, and nothing can be more satisfying than possessing a home. It is everyone’s dream to have a peace of mind in retirement
, and the personal
instills the sense of financial security.
For instance
, The House Building Finance Cooperation Pakistan has seen a remarkable increase in house loans in recent years, indication interest of people in building their personal properties. To conclude,
buying of a home can benefit someone in old
age it
Accept comma addition
age, it
cannot overweigh the advantages of renting a
in the form of the less financial burden and freedom to pursue a career in other cities.
Submitted by humairashehla09 on

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