Few believe renting a home is better than buying one of their own. I believe, renting accommodation is safer and profitable than owning a one. Let’s discuss both the advantages and disadvantages of this topic in the below passage.
Buying a house has a few advantages in the sense of holding a secured property in the hands. The property will be helpful for applying a loan from the Banks and Insurance companies with a reasonable amount of interest by keeping the documents as a security. Having a house of our own also reduce the hassle of paying rent every month and eliminates the pain of rules imposed by the owners. For example, My manager recently has purchased a villa of his own and enjoying his life by swimming in his private pool and partying every week with his close relatives.
On the other end, Renting has more advantages than buying a new one. Living in a rental accommodation instead of buying keeps the person in a safer position. Purchasing a house may lead to many troubles if there isn’t enough money to invest or opting a loan for it requires a person to pay the installment amount for several years which is very troublesome. A survey report from Bloomberg stated that more than 30 percent of the people suffering to pay the monthly loan installments and 20 percent of them already filed a bankruptcy to relieve from the burden. One of my friend diversified his saving' s in mutual funds and commodities instead of buying an asset for living, consecutively every year he is now seeing 25% margins in returns.
To conclude, even though few people has interest to buy a home, it’s always better to go for a rental accommodation which reduces a lot of burden on their own shoulders. People opt for rent will not have the authority, but it at least save’s money in the pocket.
Few believe renting a home is better than
buying
one of their
own
. I believe, renting accommodation is safer and profitable than owning a one.
Let
’s discuss both the advantages and disadvantages of this topic in the below passage.
Buying a
house
has a few advantages in the sense of holding a secured property in the hands. The property will be helpful for applying a loan from the Banks and Insurance
companies
with a reasonable amount of
interest by
keeping the documents as a security. Having a
house
of our
own
also
reduce
the hassle of paying rent every month and eliminates the pain of
rules
imposed by the owners.
For example
, My manager recently has
purchased
a villa of his
own
and enjoying his life by swimming in his private pool and partying every week with his close relatives.
On the other
end
, Renting has more advantages than
buying
a new one. Living in
a rental accommodation
instead
of
buying
keeps
the person in a safer position. Purchasing a
house
may lead to
many
troubles if there isn’t
enough
money to invest or opting a loan for it requires a person to pay the installment amount for several years which is
very
troublesome. A survey report from Bloomberg stated that more than 30 percent of the
people
suffering to pay the monthly loan installments and 20 percent of them already filed a bankruptcy to relieve from the burden. One of my friend diversified his
saving&
#039; s in mutual funds and commodities
instead
of
buying
an asset for living,
consecutively
every year he is
now
seeing 25% margins in returns.
To conclude
,
even though
few
people
has
interest to
buy
a home, it’s always better to go for a rental accommodation which
reduces
a lot of
burden on their
own
shoulders.
People
opt for rent will not have the authority,
but
it at least save’s money in the pocket.