In some countries, most people prefer to rent their homes rather than buying them. Whare are the advantages and disadvantages of renting a home?

Compared to getting their own homes, people in some countries now prefer to rent homes nowadays.

This

trend has its advantages, but there are some drawbacks that cannot be ignored.

First

of all, homes are expensive. Housing prices sharply increased in the

last

century, to the point where young adults cannot afford without taking up loans or getting aid from their parents. In cities like Toronto, the housing

cost highly

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cost, highly

inflated and many people without homes eventually chose to rent

instead

.

This

preference towards renting

home

Suggestion

a home

is undoubtedly cheaper and more approachable than applying for mortgages or leaving the city completely. The renting may seem economical and financially beneficial in the short term,

however

, it is not the best option in the long run. One of the problems with renting

home

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a home

is a lack of freedom in modifying your own

home

. Without the full ownership, you only have limited options to expand or change.

This

makes building a suitable living space difficult, but

also

deter people from being comfortable in their own

home

.

In addition

to not being able to have a desired living space, there is no guarantee that the renting price will not rise.

For example

, Toronto housing communities, where the Tenancy Act is in place, many people still report landlords raising rents unreasonably. These cases often result in residents leaving their rented

homes unable

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homes, unable

to resolve their disputes. In conclusion, renting a

home

is surely an affordable and convenient way of living.

Nonetheless

, people should always be aware of the long-term issues of the leasing in terms of lacking

freedom

Suggestion

the freedom

to build a satiable living space and unpredictable renting costs.