In some countries, people prefer to rent a house than buy one. What are the advantages and disadvantages of renting a property?

There are trends in some countries that possessing a home is considered better than renting. I believe

this

phenomenon is attributed to the stability of the

value

of

houses

and

this

has a positive effect. The reason why the public in some countries regards owning a home as more beneficial than renting one is that a

houses

’

value

is likely to be stable in terms of money. In many countries, the

value

of money fluctuates drastically in response to the economy and there is a possibility that

people

will incur losses.

Therefore

, the

value

of

houses

is unlikely to drop steeply.

Thus

, buying property is considered to be a long-term investment. Regarding the outcome of

this

circumstance, in my view, there are both positives and negatives consequences. As to the positive, since its tendency allows

people

to settle down in a certain region,

people

’s engagement in the local community will be strengthened. When

people

buy their

houses

for an arm and a leg, they avoid moving to other places, resulting in helping to tighten bonds within the local communities.

For example

, in Kumamoto prefecture in Japan, a number of

houses

were devastated by a heavy storm

last

year. The residents responded in interviews that they missed not only their

houses

but

also

their communities that always welcomed them warmly In conclusion, in my opinion,

people

own their

houses

because their values tend to be stable compared to money, and

this

triggers/bring about a positive effect on the individuals.