In some countries, they prefer renting a house than buying one.What is the reason ? is it a positive or negative development?
In some countries, they prefer renting a house than buying one. What is the reason? is it a positive or negative development? QLR7y
Owning a house is considered as a significant accomplishment of a man by many; however, there are some countries who think that renting house is far more essential. The main reason for the same is that frequent travelling and lack of initial money to buy a house. I personally consider this is a negative development since it causes a huge financial loss in a long run.
Firstly, in this modern world, many employees frequently change their career, due to this, often they required to move from one place to another. In this scenario, it seems to be better to rent a house than having an own house. Similarly, if a person lives in rented home, he will be less responsible to maintenance and bound to its affairs. For example, living in an own house, the land lord is asked to pay taxes, yearly maintenances and so on.
I, personally, believe that this development has many drawbacks. First of all, nowadays, rental prices is so huge and it may lead to bankruptcy, instead, buying a house always offer monthly mortgage, which is less expensive. Moreover, this type of residency hardly ever offer flexibility regarding decorations, adding extra rooms or planting a tree as it requires land lord permission. By contrast, own house is not only a proud, but it shows status and lots of freedom.
In conclusion, even though in some part of the world renting a house is more important than having a one. In my opinion, I totally disagree with this since it has more disadvantages
Owning a
house
is considered
as a significant accomplishment of a
man
by
many
;
however
, there are
some
countries who
think
that renting
house
is far more essential. The main reason for the same is that frequent travelling and lack of initial money to
buy
a
house
. I
personally
consider this is a
negative
development since it causes a huge financial loss in a long run.
Firstly
, in this modern world,
many
employees
frequently
change
their career, due to this,
often
they required to
move
from one place to another. In this scenario, it seems to be better to rent a
house
than having an
own
house
.
Similarly
, if a person
lives
in rented home, he will be less responsible to maintenance and bound to its affairs.
For example
, living in an
own
house
, the
land lord
is asked
to pay taxes, yearly maintenances and
so
on.
I,
personally
, believe that this development has
many
drawbacks.
First of all
, nowadays, rental prices is
so
huge and it may lead to bankruptcy,
instead
, buying a
house
always offer monthly mortgage, which is less expensive.
Moreover
, this type of residency hardly ever offer flexibility regarding decorations, adding extra rooms or planting a tree as it requires
land lord
permission. By contrast,
own
house
is not
only
a proud,
but
it
shows
status and lots of freedom.
In conclusion
,
even though
in
some
part of the world renting a
house
is more
important
than having a one. In my opinion, I
totally
disagree with this since it has more
disadvantages