In some countries, some people are renting accommodation, while others are buying own homes. Does renting accommodation has more advantages or more disadvantages than buying a place?

People in most countries, after a certain period of their life, have to think about where they are going to stay. For most people,

this

Linking Words

decision is living in their own house independently,

however

Linking Words

, the choice does not end there. After they decide to reside by themselves they have to think about whether to buy or rent a place. A major part of the world's population believes that renting accommodation is more advantageous

while

Linking Words

others think

otherwise

Linking Words

. In

this

Linking Words

essay, I am going to speak about the pros and cons of these opinions

as well as

Linking Words

give reasons why. To start,

while

Linking Words

purchasing a place can be a wise investment, most professionals recommend leasing a house for a myriad of reasons.

Firstly

Linking Words

, in a country like the USA doing

this

Linking Words

can save you a lot of money every month. The second advantage is that an individual can experiment with which type of house they desire since they do not permanently own it.

Secondly

Linking Words

, in the

last

Linking Words

couple of years, some experienced communities have labelled

this

Linking Words

act as “ money going down the drain “,

however

Linking Words

,

according to

Linking Words

ATTOM, a real estate data company, it has been revealed that renting is almost two times cheaper than the other option.

Furthermore

Linking Words

, the only disadvantage to the action is that there is a new monthly activity that you have to do since paying for the lease takes time.

To conclude

Linking Words

,

while

Linking Words

some people believe that renting is not a viable decision to make, it was statistically proven that it was the opposite and better for most if looked at from a financial perspective.