Some people find it more economically efficient to rent an apartment while others disagree and purchase their personal accommodation. This essay believes that renting trend has more advantages, such as flexibility and financial economy.
Buying a house or apartment usually requires taking a mortgage and therefore paying a huge initial deposit which may be an obstacle on the way of those interested in having a private accommodation. Since only few families can afford to take a house loan on that conditions, the vast majority opts for renting. Indeed, including monthly payments to a bank and house maintenance, option of buying an apartment can be unaffordable for many people. By renting a flat, young families can save up some time and accumulate finances before reaching to a bank.
And not only does renting give the needed extra time, but it also provides with flexibility and freedom. The freedom to choose a neighbourhood, the freedom to travel and to change places where to live. Renting an apartment does not necessarily oblige tenants to live there for a long time. On the contrary, it is highly common among many people to choose renting because of the opportunity to move from one dwelling to another, adjusting every other apartment to their constantly changing preferences. For example, with modern services such as Airbnb and others one can find a suitable apartment within a second in many different countries available. Moreover, renting apps allow users to adjust filters the way it aligns with their budget and personal requirements.
In conclusion, some people tend to rent a flat, whereas others opt for purchasing their own. Given the flexibility and cutting of the expenses, renting becomes a significantly more beneficial option.