THE ISSUE OF WHETHER LIVING IN A RENTED ACCOMODATION OR A SELF OWNED HOUSE HAS SPARKED A HEATED DEBATE AMONG PEOPLE. NOWADAYS IN A FAST MOVING WORLD, INDIVIDUALS CHOOSE TO RESIDE IN A LEASED HOME. THE PRIMARY REASON FOR THIS IS FREQUENT SHIFTING NEAR THE PLACE OF WORK. WHILE, THIS IS A FEASIBLE OPTION IT HAS BOTH MERITS AND DEMERITS WHICH WILL BE DISCUSSED FURTHER IN THE ESSAY.
IN THIS PARAGRAPH, I WILL TALK ABOUT THE PROS OF SUBLETTING AN APARTMENT. FIRSTLY, AS EMPHASISED EARLIER, THIS IS BENEFICIAL FOR THE WORKING CLASS INDIVIDUALS. DUE TO PROMOTIONS AT WORKPLACE, PEOPLE MOVE TO DIFFERENT CITIES. IN ADDITION, THE YOUNG GENERATION BELIEVES THE MOST IN RENTING THIS IS BECAUSE THEY ARE NOT SETTLED IN LIFE YET, ONE RESULT OF THIS IS THAT THEY FIND A TEMPORARY PLACE TO STAY UNTIL THEY HAVE A PERMANENT JOB. IT SEEMS TO ME THAT NOT ONLY WORK BUT ALSO FINANCIAL CONSTRAINT COME INTO EFFECT. ONE CAN LEASE AN APARTMENT FOR A SUBSTANTIALLY LOWER COST AS COMPARED TO BUYING THE PLACE.
ON THE OTHER HAND THERE ARE SEVERAL BENEFITS OF RESIDING AT A SUBLET APARTMENT, THE DISADVANTAGES OUTWEIGHS THEM. ALTHOUGH, FINANCES ARE LIMITED INDIVIDUALS OUGHT TO HAVE A FUTURE SAFETY, THAT CAN BE ACHIEVED BY MORTGAGING THE APARTMENT AT THE SAME PRICE AS RENTING IT SO THAT ONE’S FUTURE CAN BE SECURED. FOR INSTANCE, MOST INFLUENTIAL PEOPLE HAS A TENDENCY TO INVEST IN REAL ESTATE AS THE VERY FIRST INVESTMENT. THIS IS A GREAT EXAMPLE WHICH SHOWS THAT, IT IS PROFOUNDLY IMPORTANT TO INVEST IN REAL ESTATE TO HAVE A SECURED FUTURE FOR NEXT GENERATION. IT IS ALSO TRUE TO SAY THAT LIVING IN OUR OWN HOME IS MUCH MORE COMFORTABLE THAN THE LEASED ONES. MOREOVER, OWNING A HOUSE IS A STATUS SYMBOL FOR A LOT OF INDIVIDUALS AS STANDARD OF LIVING IS EQUALLY IMPORTANT FOR THE MODERN ERA TO CREATE A DECENT IMAGE IN SOCIETY.
IN CONCLUSION, INDEED, LIVING IN A SELF OWNED HOME IS MUCH MORE PRACTICAL RATHER THAN RESIDING IN A RENTED ONE BECAUSE THE BENEFITS ARE MORE THAN THE CONS.