In some countries people rent accommodation while other buy their own houses. Does renting accommodation have more advantages or disadvantages than buying place?

There is no denying that to

rent

or to buy a property is a controversial matter that has been discussed for several experts in finance from our society. Some investors claim to buy a

house

is not a good deal because it would be a liability

instead

of an asset, once it only generates expenses.

Another

Replace the adjective

Other

show examples

people say that to have your own

house

is the best choice because you will have a

place

to live regardless of what could happen. From my own standpoint, I believe the benefits of having a property are greater than the drawbacks. The

first

benefit, in my opinion, is that in

case

of a financial problem,

such

as to be unemployed, you will not have

this

expense, in

other word

Change the wording

another word

other words

show examples

, you will not have to pay the

rent

.

Moreover

, we know that law is pretty strict to people who do not pay their lease and the landlord will require the

house

back in

case

of debt.

Consequently

, there is a high risk to be without a home to live in

case

of money issues. Another advantage is that we could rebuild the

house

to fit better your needs.

Furthermore

, when you have your own

place

, we can choose your own furniture and to paint the rooms choosing the

colors

Change the spelling

colours

show examples

you most like. When you live in a rental

house

your option is pretty limited due to the reason you will have to return the realty exactly the way you found it. Another benefit of purchasing a

house

is that you will not need to leave the

house

in

case

the landlord requires you to do that. A disadvantage of owning a

place

is in

case

you want to live in another

house

you will have to sell

yours

Change the pronoun

your

show examples

first

to afford another one. One clear example is in apartments when your

neighbors

Change the spelling

neighbours

show examples

do not respect you and make a lot of noises during the day and night. In

case

you decide to leave because you cannot deal with them anymore it will be more difficult and it would take more time than if it was a rental

place

. To sum up, in my view, the benefits of buying a

house

are much better than to

rent

one. Obviously, in

case

do not have money to afford a

house

the only option you will have is to

rent

one.

However

, even knowing you could invest

this

amount of money and gain high profits from it, to have your own

place

is a safety that

assure

Change the verb form

assures

show examples

you will have a

house

to live when you become elderly.