In some countries, people prefer to rent their home rather than buy one. What are some advantages and disadvantages renting a house?

There are

people

of the opinion that it is more convenient to rent a home

instead

of one buying.

While

it costs more to pay monthly rent and there is a dependency on the tenant there are some advantages of

such

an approach. I will try to expand my thoughts in the following paragraphs.

Firstly

, taking into consideration the constantly rising prices for real estate,

people

can't afford the initial payment which could be up to 30% of the cost. Comparing the increasing pace of salaries and house prices it becomes obvious that it will decades of deliberate efforts to obtain some personal space in

preferred

Correct article usage

a preferred

show examples

place.

Moreover

, obtaining a home in a certain area makes

people

tied to one location and prevents possible positive changes in future.

On the other hand

,

people

, especially the young generation, tend to invest their spare assets in education and life experience rather than in real estate.

Thus

, enriching knowledge and upgrading skills lets

people

be valued more as employees as individuals. Another point to consider is the risk related to economic issues,

such

as the global crisis and local bank bankruptcy. In the

last

decades, we have witnessed a number of breakdowns in different countries that depreciated all property and

consequently

years-long efforts. In conclusion,

while

buying a house is a good investment as prices get higher every year, there are accompanying risks

such

as market recession. Renting is suitable for many because of flexibility and less responsibility as

people

are not tied to a certain place.