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

In the

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couple of decades, the trend of living in personal houses is declining all over the world. In many, countries people consider living in a rented apartment more beneficial than buying

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. But, there are some pros and cons of residing on

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's else property. In

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essay, I will explore both sides and draw a conclusion. I will start by looking at

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of the main advantages of living in rented places, which is that there is no hefty amount to be paid in order to live there.

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, when

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wants to buy a home there is always a big sum of money involved, but when

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lives as a paying guest there are only monthly instalments to be paid, which is not always a large lump sum of money.

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is especially beneficial to folks who can't afford to live on private property.

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, some people often have to move places quite frequently, which can be due to the nature of their work. Rented places are like

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for these kinds of individuals. As it is not possible to acquire private residences in each city they go to,

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model gives them more mobility.

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results in, that they don't have to worry about their houses when they are moving from

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area to another. On the other side of the argument, temporarily occupying a place of living can result in a state of uncertainty.

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is to say, if

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got in a fight with the owner or the landlord finds a person who is willing to pay more for the place,

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the individual can become homeless pretty quickly.

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, the

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has to obey the keeper of the property which can be sometimes uncomfortable.

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of the significant downsides of leasing a place of living

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might result in no wealth generation. If a human being spends most of his life in leased spaces, he might not be able to develop personal wealth in terms of real estate due to psychological changes in the brain. The person becomes adamant about investing in the future of his children because he is not aware of the positives that might come with owning a piece of land. All things considered, the decision of spending life as a landowner or paying guest is never easy and there are several aspects associated with it. But, we need to weigh the drawbacks of no future prospects and lack of mental peace

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the advantages of mobility and ease of paying. In my opinion, the negatives overcome the positives.