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

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In many countries, residents prefer purchasing their own home.
However
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, in others they choose to
rent
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their accommodation to minimise the unwanted burdens
such
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as
property
Use synonyms
taxes and a mortgage interest rate. Renting a place would certainly aids people with the flexibility of moving out anytime along with eliminating the cost of maintenance of the
property
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, but there will
also
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be some drawbacks.
To begin
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with, those who opine that renting an accommodation is advantageous can easily point out its flexibility and affordability.
That is
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to say, it gives a freedom to an individual to move in any part of the world according to their job requirements
which
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which, otherwise
otherwise
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, is
bit
Suggestion
a bit
difficult if the person owns a place.
Additionally
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, owning a
property
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always comes with a variety of unwanted
expenses including
Accept comma addition
expenses, including
property
Use synonyms
tax, mortgage interest rates and the maintenance cost, which sometimes makes the survival difficult if people lose their job or went into the financial crises.
For instance
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, according to the New York Times an average householder in the United
states
the federal department in the United States that sets and maintains foreign policies
States
pays 10,000$ as a
property
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tax and 10-12% interest on mortgage yearly and a lot of them have to sell their houses in order to meet with the crises of the Corona Virus.
On the other hand
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, there are various drawbacks of renting the house.
Firstly
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, there is no security as the landlord can ask you to leave anytime, regardless of paying a huge amount of
rent
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every month along with paying the fixed deposit of security at the beginning.
Secondly
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, one has to follow the strict rules and regulations according to the owner’s agreement.
In other words
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, people have to seek permission from the landlord, before organising any event at the home including birthday party or weekend gatherings.
Lastly
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, the huge amount of money, wasted on paying
rent
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, could be utilised in buying own
property
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, so that people do not have to worry about the retirement. In conclusion,
although
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renting a house seems beneficial due to the low
rent
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costs and the freedom to shift the place anytime.
However
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, there are some drawbacks
such
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as security concerns and strict regulations that need to be considered before choosing the type of accommodation.

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