There is an ongoing debate regarding the choice of accommodation.
While
some
people
prefer to live in rental units, others argue that they should have their own houses.
While
acknowledging the merits of rental properties,
this
essay argues that owning a house has more
benefits
than the other choice.
This
essay will demonstrate the significant
benefits
and the potential drawbacks of renting and my opinion in detail with relevant examples.
On the one hand, the main positives of living in rental properties are a stress-free life and no financial burden.
That is
to say that if
people
pay a fixed amount to their homeowner every month for the
property
they are staying in it allows them to lead a happy life without worrying about other expenses
such
as building maintenance, utility bills, and
property
tax.
Such
a fixed budget helps
people
to manage their financial stability
as well as
prevents them from unpredictable expenses every month.
Therefore
, civilians can lead their lives without any stress as a demand in finance is the majority cause of emotional problems.
For instance
, it is evident that an average of 40% of
people
are not interested in purchasing their own homes because of the fluctuations in interest rates.
On the other hand
, some disadvantages of
such
a trend are the inability to have more control over living space and lack of ownership.
In other words
, when citizens continue to live in a lodging accommodation, they will not gain ownership of the place even though they pay an inordinate amount of money as a rental fee. Despite the
benefits
of rental budget management,
people
do not get an opportunity to own a place which has more
benefits
in terms of the
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propertyChange noun form
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monetary value because
such
possessions would be worth much more in the future.
Moreover
, it is a perfect way to invest money which amplifies the profit
according to
the status of current real-estate market trends.
For instance
, my relative has evaluated the market value of his house and it was estimated as $500,000,
however
, he invested only $300,000 to purchase
this
property
a few years ago.
In conclusion,
although
rental housing has some advantages
such
as calculated monthly expenditures and a stress-free life, I believe that the disadvantages outweigh the positives because
people
fail to make profits by making
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financial decision and lives without freedom.