In many countries, people would rather rent a house instead of buying one. Describe the advantages and disadvantages of renting

Recently, many people have preferred renting a house over purchasing

one

in a significant number of countries worldwide. While there are some advantages to

such

an approach, there are

also

some disadvantages to consider. In

this

essay, I will explain some of the merits and the drawbacks related to

this

trend.

To begin

with,

one

paramount renting advantage is the absence of a mortgage.

This

is because

this

monthly paid money can create financial burdens upon families despite their incomes.

For example

, a paper published by economists at Cambridge University in 2019 declared that people who buy their houses are expected to spend about 50% of their salaries as mortgages.

Furthermore

,

this

lifestyle can increase people’s flexibility to relocate.

This

is since these people would easily move from

one

place to another without losing any money trying to sell their homes.

As a result

, these people usually get better job opportunities, which can help them to develop their careers. Turning to the disadvantages of

this

phenomenon,

one

critical demerit of renting is weakened social relations. The reason for

this

is the continuous relocation of families without settling in

one

place for a long time.

Consequently

,

this

would lead to being introverted because of the lack of communication with these people’s

neighbors

a person who lives (or is located) near another

neighbours

.

Besides

,

this

way of life can

also

negatively affect renters’ offspring's academic future.

This

is because moving from

one

school to another repeatedly can enforce them to achieve poorly in their studies as these children need time to adapt to their schools.

For instance

, research conducted by pedagogical experts at the Egyptian ministry of education revealed that renters’ children are more likely to academically suffer in their schools by 50%. In conclusion,

although

lessened financial burden

Suggestion

the lessened financial burden

and flexibility are some of the main merits

for

Suggestion

of

renting a house

instead

of buying

one

, weakened social relations and the renters’ children's poor academic achievements are crucial demerits that should be taken into consideration.