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

The type of accommodation which an individual or group chooses depends on a variety of factors. Probably the most significant of these is age. In the remainder of

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essay I aim to explain why, in many cultures, renting tends to be more suitable for younger

adults whereas

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adults, whereas

purchasing a

home

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makes sense for anyone in their thirties, forties or even fifties. Those who have recently ‘flown the nest’ generally either want to rent or are forced to do so.

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, there is a major practical consideration: unless they are funded by wealthy relatives, it is unlikely that younger adults will have the financial means to purchase a property. Obviously, banks will be unwilling to offer them a mortgage until they can build up savings or get a well-paid job. It should

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be noted that renting is usually an attractive proposition for those who have just left full-time education and joined the adult world. It gives them the flexibility to move from place to place, which they welcome as they are not yet ready to settle down.

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, youngsters sometimes wish to share a

home

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with friends and

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is far simpler to achieve through renting.

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, as we mature and either marry or develop long-term relationships, our priorities change. Older individuals crave the stability and security which owning your own

home

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provides. They find the idea of residing in the same location for decades extremely attractive and take great pleasure in making adjustments and improvements to their property. Especially for middle-class professionals, owning a spacious semi-detached house in the suburbs is a status symbol, a sign that they have achieved and succeeded. Clearly, these individuals have the economic resources to purchase a

home

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or at least to get a loan. In conclusion, it seems that a person’s attitude to

home

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ownership is strongly determined by age and personal circumstances. It is

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difficult to give a definitive answer to

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question. I hope that everyone who is fortunate enough to be able to choose will consider the options carefully before reaching a decision.