In some countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home?

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Since a decade, the home has been considered as the biggest asset in one's
life
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and people save
a
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an
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ot
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lot
of money to buy it in their entire
life
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.
However
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, there are those who argue that
instead
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of buying an accommodation, it's better to rent it. I will shed some light and share both merits and demerits.
To begin
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with, buying a
house
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is one of an essential task in human
life
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and take it as their biggest achievement. Purchase of
house
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gives them a secured place to stay and more financial benefits in future.
Moreover
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, take a
house
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can prevent them from unnecessary spending.To illustrate, the country like India, 90% of the salaried clan acquired their own residence and have a safe place to stay.
On the other hand
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, secure a
house
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can cost a huge amount of money which may result in compromising in the standard of living.
Moreover
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, Obtaining a
house
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requires
l
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a
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ot of maintenance and in
this
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fast pace of
life
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, it is difficult to take care of it as per their wish.
For example
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, according to the WC survey, the large section of society choose to rent the home
instead
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of procuring it looking after the benefits associated with it. To conclude, buying a
house
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always give the lan a sense of achievement and financial benefits. whereas, by renting them mitigate the issues associated with it.
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    • Sentence 1 - Topic sentence
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Topic Vocabulary:
  • financial commitment
  • down payment
  • initial costs
  • allocate resources
  • maintenance costs
  • mobility
  • relocate
  • market fluctuations
  • property value
  • building equity
  • appreciate in value
  • asset
  • personalization
  • restrictions
  • rental increases
  • lease renewal
  • financial instability
  • housing budgets
  • long-term security
  • landlord
  • lease agreement
  • equity
  • substantial
  • property ownership
  • property market
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