In some countries, some people are renting accommodation, while others are buying their own homes. Does renting accommodation have more advantages or more disadvantages than buying a place?

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While some individuals prefer rented
accommodation
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in some countries, others believe that purchasing own
house
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is more beneficial.
Although
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renting houses could include
fewer
Suggestion
less
maintenance costs and
property
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taxes, it does not provide the comfort of owning a
house
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. In my opinion, staying in the rented
house
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is invaluable when compared to owning a
house
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despite its positive reasons. The greatest benefit of the rented
accommodation
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is that people need not pay
property
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taxes, mortgage interests and maintenance.
This
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is advantageous for those
to keep
Suggestion
keeping
their expenses under budget.
In addition
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, individuals with higher chance of frequent
house
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shifting based on their job parameters, opt for rented houses.
For instance
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, people who shift to other states or countries on job purposes will not be able to find sufficient time to check their own
house
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needs and on the tenants who may reside in the future.
On the other hand
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, owning a
house
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is having a
property
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for ourselves which can be passed to the
next
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generation and paying taxes or interests is worthwhile.
Moreover
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, rented
accommodation
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does not provide the necessary comfort because one need to explain themselves of their behaviour or the
house
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which landlords ask for. To illustrate, owners suggest few terms and conditions for the people who move
in to
expresses motion to a point on, or within, something
into
the
house
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and should
therefore
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abide
to
Suggestion
by
the rules which could be frustrating. To conclude, rental
accommodation
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has both benefits and drawbacks in equal proportions. Even though it reduces maintenance and
property
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tax costs, ultimately having comfort, possession and freedom of their own is more vital for an individual.

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Topic Vocabulary:
  • affordability
  • flexibility
  • maintenance
  • financial commitment
  • investment
  • stability
  • sense of ownership
  • property value
  • mortgage
  • rental agreement
  • tenancy
  • security deposit
  • real estate market
  • housing market
  • housing loan
  • homeownership
  • residential property
  • landlord
  • tenant
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