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

#countries #people #rent #homes #home
In some nations, a high number of populations give preference to live in
a
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rented accommodation
instead
 of buying their own. I fervently believe that it makes
people
 feel independent and mentally stable.
However
, staying in a leased property for a prolonged period is not reliable.
To begin
 with, living in a rental apartment gives
people
 an opportunity of independence to change their residency at any time. To elaborate, individuals who prefer to rent their houses can frequently change their living place to explore new environments, cities, and neighbourhoods at any time,
according to
 their own preferences.
Also
,
such
people
 are free from any kind of mental stress and financial instability because they do not get any mental pressure to pay mortgages or
to
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repay their loans.
For example
, in developed countries like Canada, Australia, and New Zealand
people
 who live in a rented
house
 are more relaxed and tend to enjoy their lives more
due to
 lack of financial burden. Contrarily, the preference to live in a rental property
instead
 of buying a
house
 can lead to insecurities. Because rented houses are not always reliable as the owner can give a termination notice at any time and
this
 can
further
 affect the lifestyle, education, jobs
as well as
 business of individuals who are living at a temporary residence.
Moreover
,
people
 who lived in rented houses throughout their lives often regret their decisions during their old age. Because every individual seeks to have a permanent, self-owned and comfortable
house
 in their later
life
 to live in peace.
Therefore
, those who do not possess a
house
 live in guilt of not owning a property under their name.
To conclude
, I strongly believe that decision to lead a
life
 in a rented
house
 can keep
people
 away from the mental stress of paying a regular mortgage. But later ,
life
it
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can cause a barrier between peace and relaxation in
people
’s retired
life
.
Submitted by varindervarinder1996 on

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Linking words for giving examples:

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  • to illustrate this
  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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