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
Accept comma addition
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
Suggestion
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
Accept comma addition
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.
Submitted by nnay1121 on

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