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

Some believe that living in the rented
accommodation
is always better. Without a doubt,
this
idea has its pros and cons which will be discussed
further
. On the one hand, life in a rented flat or house may cause some psychological discomfort as a
person
understands that it is not his or her property.
Also
, living in
such
accommodation
implies some degree of unpredictability.
Moreover
, it makes an individual dependent on other people owning the
accommodation
.
For example
, if the relationship between a landlord and a
person
renting a flat becomes worse it is highly likely that the landlord may ask to leave the flat.
Such
cases tend to occur more often during financial crises.
On the other hand
, if a
person
rents a house or flat there is no need in spending money on the renovation as the owner of the property is responsible for it.
In addition
, the rented
accommodation
can be changed at any time to a more comfortable or more suitable one.
Moreover
, people living in rented houses are not bothered by the taxes for the property. In some countries, it is more beneficial to rent a flat than buying it due to the interest rates and inflation.
For instance
, in the UK, some social surveys revealed that more than 70% of citizens do not have their own flat or house as local prices are extremely high. In conclusion, life in the rented
accommodation
may make some people more dependent on others and add uncertainty or psychological discomfort. At the same time, a
person
may save a decent amount of money
as a result
of decreased number of liabilities.
Submitted by Khan on

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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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