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

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It is true that residents still would rather dwell in their homes.
However
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, the majority of the population prefer to rent apartments in developed countries.
This
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essay will examine the advantages and disadvantages of renting a house and provide a logical conclusion. On the one hand, advantages of renting an apartment are a boost in huge investment not required and more flexibility as to where to live for local people.
Firstly
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, renting requires signing and rarely exceeds
such
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as once a year the rental price rises as the dollars exchange rate rises.
Secondly
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, renters are able to dwell anywhere especially, migrants who are forced to live in rented accommodation.
For example
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, New York is a developed city in the world and the cost of living is very expensive which is only buy a home.
Therefore
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it is cheaper for migrants to rent.
On the other hand
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, renting
also
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has some major disadvantages like restrictions and tax incentives. Renting allows living in a premium area that you can afford to buy.
However
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, the tenant has to keep the building in good condition until he buys it.
Besides
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, the landlord creates many lows before giving the home away.
For instance
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, it is not allowed to bring pets into the house. Unfortunately,
this
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situation will be difficult for children. They have to give up their little favourite animals
such
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as puppies, kittens and etc. To conclude,
although
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renting house can have certain negative sides like restriction. It has an extremely positive influence on human's life. I believe that these benefits of renting outweigh its drawbacks.
Submitted by odil_m on

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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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