Many populations in our society reside by home renting due to their idiosyncratic judgements or unconditional circumstances.
Nonetheless
, benefits and drawbacks exist whether some prefer to live by monthly payments or own a house. Linking Words
This
essay will compare the negative and positive aspects of entering the real estate market.
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To begin
with, one is not burdened with housing maintenance and mortgage debts by living in a rental property. For some landlords, these monthly costs exceed the earning income, leading to insolvency. Linking Words
Moreover
, housing markets are volatile due to the heavily leveraged loans. Linking Words
For example
, during the financial crisis in 2008, many homeowners lost their properties or were in debt due to the market crash. Overall, dwelling in a rental home can avoid these crucial situations and dangers.
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On the other hand
, housing prices owned by the landlord will likely increase on the long-term horizon; meanwhile, living in a rented shelter will not gain any advantages. Linking Words
For instance
, after the financial crisis, the housing market persistently surged until today, indicating the success of those who owned the properties during these periods. Linking Words
Furthermore
, homeowners are authorized to evict if necessary, and people who live in rentals are at risk. Linking Words
Therefore
, Linking Words
as a result
, some major disadvantages are included when one decides to stay in the rental properties, even if he can own one.
In conclusion, both advantages and disadvantages follow in a decision to own a home. It is up to an individual’s responsibility and judgement because each position carries particular risks and liabilities.Linking Words
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