Some people think that it's always better to live in the rented accomodation. Discuss the advantages and disadvantages of it.

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While some people believe that renting a
place
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has more benefits, others think it has more drawbacks. In
this
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essay, I will discuss both sides, and give reasons for my opinions. The reasons why renting places has more benefits are manifold.
Firstly
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, it is true that people will be able to save more money if they rent a
place
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instead
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of buying a
place
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.
For example
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, house owners have heavy loans that need to be paid off, but renters only need to spend a small percentage of their income towards living.
Furthermore
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, it is obvious that renters can live anywhere they want,
hence
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they can move out if they are tired of the old living environment.
Lastly
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, tenants can live much closer to their workplaces,
such
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as downtown, and they have access to more shopping centres, even if they cannot afford
houses
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there.
Although
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tenants are paying rents every month, they do not own any
place
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. The key disadvantage of renting a
place
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is that renters spend a significant amount of money on places that do not belong to them, and they will lose the right to live there if they stop paying rents.
For instance
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, research suggests that house owners are more likely to be happier in the long term as they own a home eventually. Nobody would dispute the fact that the price of
houses
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has been increasing since the start of the twentieth century, so people who invested in
houses
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are gaining tremendous profits from selling
houses
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. In conclusion, renting a
place
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has pros
such
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as fewer expenses, flexible living arrangements and closer distance to workplaces.
However
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, there are
also
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cons
such
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as tenants do not own a
place
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or home, and they do not have the opportunities to gain profits from the rising price of
houses
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.

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Topic Vocabulary:
  • accommodation
  • mortgage
  • down payment
  • maintenance
  • equity
  • investment
  • restrictions
  • lease
  • appreciate
  • commitment
  • upfront costs
  • residential stability
  • property market
  • rental agreement
  • tenancy
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