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

In modern society, renting or owning has always been a hot topic. Some people believe that it is more beneficial to rent ,

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others think owning a house brings more advantages. In my opinion, renting has its pros and cons which I will elaborate on

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. First of all, the main benefit of renting is it gives us the flexibility to move around.

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is especially useful for young people who are not ready to settle down.

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, they do not get tied down with long-term financial commitments.

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offers peace of mind and they will have more options to try out different cities or countries before they decide on long-term places to live.

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,one of the main disadvantages of renting is it is usually more costly in

long

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the long

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run. As we all know, inflation has made property price increases tremendously.

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, it will be much more difficult to own in the future.

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, the yearly appreciation of houses in my city is around 5% each year.

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, rental fees usually cover the monthly mortgages. If we rent, we will lose the opportunity to acquire

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important asset , which can be passed down to the next generation. In summary, renting brings merits

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as flexibility and the chance to try out more cities before settling down.

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, it brings some disadvantages especially financially in the long run as it is more expensive to rent. Since property prices

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over the years ,it will be harder to own

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essential asset in the future.