International students in Melbourne have started filling 2-bedroom apartments with six or more people because they don’t want a
for
a short stay.
trend is favourable for students since they don’t have to spend their savings on a long-term loan. While they pay their
, though, they aren’t acquiring any assets. Renting (a) property has some advantages,
as avoiding paying for a mortgage and offering tenants more flexibility;
, it comes with some potential financial issues.
On the one hand, taking a flat or
lease comes with multiple benefits.
, tenants can avoid bank loans and only have to pay
to a landlord either weekly or monthly whereas
owners tend to acquire a bank loan for long term payment.
, In Colombia many people prefer to
a place due to the fact that financial entities charge high interests on loans.
, it is becoming increasingly the number of people in some countries who are moving abroad seeking better job opportunities, for
people
a
is a better deal because can relocate to any places with ease.
, an IT engineer who lives in an undeveloped country and wants to work overseas could easily live on
while the job opportunity comes up.
, living on
presents some drawbacks.
with, In many countries, renting a
or a flat could be extremely expensive, especially in downtown areas.
,
there are places available in the zone, the prices are not affordable for all people.
, the
price of a flat in big cities
as Melbourne and Toronto represents almost 50% of a middle class salary person. In the
place, a property is an asset,
someone who buys an apartment is building their future,
, people who are living on
are spending money without get anything in return.
To conclude, renting a property comes with some benefits, giving tenants an alternative to acquiring a
and a chance to relocate with ease.
, it
has some inconveniences related to their future finances.