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

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phenomenon is attributed to the stability of the

value

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of

houses

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and

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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

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’

value

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

value

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

people

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will incur losses.

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, the

value

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of

houses

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is unlikely to drop steeply.

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

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

people

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to settle down in a certain region,

people

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

people

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buy their

houses

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

For example

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, in Kumamoto prefecture in Japan, a number of

houses

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were devastated by a heavy storm

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

houses

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but

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

people

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own their

houses

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

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triggers/bring about a positive effect on the individuals.