Some legal options in the society especially developed ones have made people to have critical opinion. In some part of the world particularly in flourished region, Renting is more prevent than purchasing a house. In this essay I will discuss both advantages and disadvantages and give my perspective.
Firstly, in evolving society, living with a perfect condition have been arguing for decade. Some individuals believe that not only buying a home make them independence but they also do not face a challenge for main part of their life. Simultaneously, some social benefits have been prepared for owners by government particularly in developing countries, like a annul bank loan with zero percent interest which can be beneficial for their lifestyle. Therefore, purchasing a home help people to be confident and also enhance their lifestyle.
In contrast, some territories have a completely different policy and people in these parts rather be tenant than be owner. not only do owners have to pay monthly tax but they also must have a annul repairment. For instance, in capitalism country like U.S, only when individuals can buy a home do they have enough monthly income. Consequently, only after people had stable condition in the society, did they consider to purchase a home.
In conclusion, Renting or buying a home mainly depending on people’s local region and every country has their own rules. If all of the people had wanted to buy a home, they would definitely have migrated to flourishing countries, however they certainly lost some critical component. Finally, in my opinion Although buying a home particularly in developed country is so tough, it give you a sense of comfortable and power and individuals can improve their social position.