Many people hold the view that it is better to buy their home rather than rent it. do you agree with this statement or not?

In
this
cut-throat world, finding a proper accommodation is a considerable issue.
While
a number of people believe that purchasing a
house
is a wiser choice than hiring one. In
this
essay,
however
, I am in favour of the former school of thought because of its convenience and self-interest matters. Granted, one might argue that rental houses are much more affordable than own houses.
This
is predicated on the assumption that paying monthly allows tenants to spend the rest of their money on other
day to day
Add a hyphen
day-to-day
show examples
issue
Change the noun form
issues
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such
as education, food and shopping.
Therefore
, they will not face financial adversities by the end of the month.
Nevertheless
,
this
line of reasoning is not sound as when lifetime settlement is concerned, you have to pay much more for the rental price in comparison with the amount of money you actually buy a
house
at once.
As a result
,
rental
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the rental
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cost is not a benefit but a financial burden for people. There are more compelling reasons to extol the idea of owning a
house
. Chief of these is that people in possession of their own
house
take the liberty of decorating and adding kits to their rooms.
This
not only helps to maintain living freedom but
also
stimulates people’s creativity in ornamenting their dwelling place. Added to
this
is the fact that the owners can even lease their accommodation with a view to receiving extra income per month.
Such
an approach is a clever strategy for those who want to have a sustainable money output. In conclusion, it stands to reason that everyone should buy their home
instead
of hiring one
due to
the freedom and self-benefits it brings about.

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Topic Vocabulary:
  • property ladder
  • mortgage
  • rental agreement
  • down payment
  • equity
  • appreciate
  • rental market
  • monthly installments
  • credit score
  • repairs and maintenance
  • landlord
  • tenant
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