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

Instead
of buying, A lot of people are still considering renting a
house
. In some countries with high housing prices,
this
practice helps new families to at least have a place to stay.
However
, because of some reason, people are
also
preferring to buy them.
This
essay will examine the advantages and disadvantages of rather buying or renting a home.
Firstly
, in high-income regions, family are preferring to lease a
house
to save some money;
in addition
, the cost of land may be equivalent to decades of their monthly payments. So rather than buying them, with the
rent
scheme, the family can at least live and stay without any worries.
This
practice can
also
help the government to make sure all of their population can sleep and eat comfortably. As a set-off, without any mature consideration, renting a
house
can cause a nightmare;
for instance
, in some "elite areas", the cost of the
rent
may be equal to the price of buying a
house
in the suburban area. Other than that,
instead
of wasting thousands of dollars to
rent
a
house
, buying them can
also
be used as a long term investment.
Furthermore
, most rich people in some countries are investing in properties as the price are gradually increasing over the year. to sum up, there are some beneficial aspects to buy or
rent
a home, yet without any
measurement
Add a comma
,measurement
show examples
both of the decisions can be disasters for the person who rents or buys it.
Submitted by Wildanathar5 on

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Essentional vocabulary list for IELTS Writing 7+

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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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