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

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For many people around the world
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,
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there are advantages in buying a
home
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, for some families or individuals the better option is to rent one. Some economists agree that using the budget allocated to buy a
house
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in any kind of investment could be a good idea to support rentals for a lifetime period, but having your own
home
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is a good investment too, and the advantages in each case depend on the profile for each person. Buying a
house
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have the advantage of giving the owner
f
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the
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reedom to modify, construct or make any change in its structure without asking for permission. When we live in a rented
house
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we do not have
this
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possibility, and sometimes because of the values to rent a
home
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some people live in places that do not fit their family adequately. Another advantage resides in the fact that
such
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a property is an important achievement for a family, that can be inherited for generations constituting a solid patrimony. Look tho the possibility of renting a
home
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we can see some advantages too. Some people can invest the money that
otherwise
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could be used to buy a property. the rentability of
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money can be directed to rent a place to leave. In doing so, people have more flexibility to move with no regard to sell the actual
home
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. Renting a
home
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is advantageous for those who like to change frequently.
This
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option
also
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keeps family patrimony safe in the form of a good investment. As was shown both options, buying or renting a
home
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, present advantages. Those depend
of
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on
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the lifestyle of each individual or family. Some people prefer to stay for
l
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a
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ong time or the entire life in the same
house
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, others prefer to try different places during the curse of their lives. Considering that, the choice will depend on the profile of each one.
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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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