In some countries, owing a home rather than renting one is very important for people.Why might this be the case.Do you think it is a positive or negative situation.

For some time now, it has become a topic of debate where a section of society in a few countries believes that renting a

house

is a better option rather than to purchase their own

house

due to heavy

house

tax, maintenance cost and the job shift culture. Let us explore some of the probable causes for

this

trend and I see it as an unproductive move in my opinion. We must acknowledge the fact that residing in a mortgaged home is less troublesome as it is not at all easy for the citizens to bear the maintenance cost and to pay the levy

house

tax. Since their salary structure cannot bear the burden of purchasing their own

house

.

In addition

to expenses, flexibility is another factor owing to shifting job culture as there is competition in the market and the cost of moving is less if the residents are renting the

house

rather than owning them as it takes time to sale the property.

Nevertheless

, it cannot be denied that having the personal apartment plays an impeccable role as it gives the individual the sense of security of living.

For example

, a recent survey conducted revealed that the citizens which own their

house

are more contented as compared to the ones who are sharing the rented

house

.

Furthermore

, the owned property is an asset for the lifetime rather than spending a huge amount on paying rent to the landlords.

However

, I believe, an individual will never get returns on

this

renting investment and

this

is a considerate loss of the monetary fund’s as the property will never belong to the tenant.

Moreover

, the residents cannot make customised changes in the landlord’s apartment as per the agreement signed between the owner and the tenant. To conclude, it can be summarised that,

although

one should rent a studio as it provides flexibility of moving and lessen the burden of regular expenses to maintain the same,

however

, I opine, renting a

house

is a contrary alarming trend as it does not renders any interest, and freedom of choice and changes in the mortgaged apartment is restricted.