In many countries in this world, the majority of the citizens like a rented home instead of buying a home. The primary advantage of this decision is that it is cheaper. The major disadvantage of a rented house is that there are usually a lot of restrictions.
In the 21st century, it is very common for a family to stay in a house that it did not purchase. People are now like to live in a place where lots of options available such as public transport, shopping malls, supermarkets, and jobs. The big cities are providing all of them, but in large cities, buying a home is way more costly than renting one. For example, according to the Chinese national television report, buying an apartment, which is a mini version of a full-size house, in Hong Kong will cost more than one million dollars that are the sum of the 20 years total income of a middle class family there. For this reason, the majority of the people want a rented house rather than purchasing one.
The main disadvantage of a rented house is that the landlord provides too many restrictions that it is hard for many people to follow. For example, According to the Department of Homeland Security of USA, on an average a rented house has 50 conditions that must be followed by rentee. For example, in the USA people who rent a house have to maintain utility facilities. Often times, it is harder to obey the conditions, because the people of the house usually busy with their jobs.
In conclusion, like every coin has two sides, a rented house has both advantages and disadvantages. As rent is cheaper, it also comes with some bindings that must be followed.
In
many
countries in this world, the majority of the citizens like a rented home
instead
of buying a home. The primary advantage of this decision is that it is cheaper. The major disadvantage of a rented
house
is that there are
usually
a lot of
restrictions.
In the 21st century, it is
very
common for a family to stay in a
house
that it did not
purchase
.
People
are
now
like to
live
in a place where lots of options available such as public transport, shopping malls, supermarkets, and jobs. The
big
cities are providing all of them,
but
in large cities, buying a home is way more costly than renting one.
For example
, according to the Chinese national television report, buying an apartment, which is a mini version of a full-size
house
, in Hong Kong will cost more than one million dollars that are the sum of the 20 years total income of a middle
class
family there.
For this reason
, the majority of the
people
want a rented
house
rather
than purchasing one.
The main disadvantage of a rented
house
is that the landlord provides too
many
restrictions that it is
hard
for
many
people
to follow.
For example
, According to the Department of Homeland Security
of USA
, on an average a rented
house
has 50 conditions that
must
be followed
by
rentee
.
For example
, in the USA
people
who rent a
house
have to
maintain utility facilities.
Often
times, it is harder to obey the conditions,
because
the
people
of the
house
usually
busy with their jobs.
In conclusion
, like every coin has two sides, a rented
house
has both advantages and disadvantages. As rent is cheaper, it
also
comes
with
some
bindings that
must
be followed
.