in most of the countries, people prefer to live in rented appartment rather than buying a home? what are the advantages and disadvantages of iving in rented accomodation?

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In
this
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contemporary era, everyone from small cities shifting to bigger cities in the search of jobs or higher education. these groups of people,
therefore
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find it more convenient to rent accommodation rather than own their own abode. In
this
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essay, I will outline what I consider to be the potential advantages of a rented home, that I feel are likely to occur, as well as some of the negative outcomes. In terms of the benefits of rented properties. there are two clear ones.
firstly
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, rented property cost less than owning a house. Indeed, rents are only 0.15% value of the property, so it is easy for the tenant to pay that much amount of money.
for instance
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, a two-room set in Chandigarh, India cost 75 lakhs whereas a rental for a similar place would cost Rs.8000/- only.
Secondly
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, the rental residence is more resilient. they can move from one area to another area without any hassle. A lot of government employees prefer to live in a rental home because they face transfers from one location to another location all the time.
hence
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, it is more convenient for them to live in a rental apartment rather than owning premises.
On the other hand
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, there are some drawbacks of renting a location, like being dependent on the landlord for trivial repairs to a residence.
for example
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, if there is a problem with plumbing and repairs to make, the tenant can not make it without the permission of the landlord even though he is living there for a long time and paying a huge amount of money. In conclusion, even though at the time repairing tenants has to face some difficulties, I think, leaving a rental home is less expensive and flexible.
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