In most major cities in the west, people are opting to rent a home instead of buy. This is mostly because house prices have increased dramatically while personal income has not, a trend that means mortgage repayments now account for a much larger share of income than in the past. Renters have more disposable income every week than buyers and this is a big attraction. However, in my opinion, this is a false economy and in the long run I believe that the advantages of buying a property greatly outweigh the short-term savings to be made by renting.
While it is certainly cheaper week-by-week to rent than pay a mortgage, the renter misses out on the large capital gains to be made when buying a home. When I took out my own mortgage on my two-bedroom apartment, my repayments on a $400,000 loan were about $600 a week, compared with $500 for rental value on a similar property. However, over the past three years my apartment has appreciated by more than $250,000, greatly outweighing the $15,000 I would have saved by renting. In addition to this, my mortgage payments secured an acquisition of property that will remain valuable for my family into the future. Financial growth of this sort is not possible through renting.
Renters do not only lose out on capital gains, they also lose in terms of security and peace of mind. The roof over their heads once their lease is over is always at the mercy of the landlord, who might at any time decide to sell the property. The landlord can also put up the rent when they feel the market warrants it. Further, unless the renter invests their savings judiciously, the money they save will be frittered on day-to-day life, leaving them very much poorer than the buyer once retirement looms.
In conclusion, while a first mortgage will cost more each week than renting, the advantages of buying, including capital appreciation and housing security, greatly outweigh the short-term savings to be made by renting.
- In some countries children have very strict rules of behavior, in other countries they are allowed to do almost anything they like. To what extent should children have to follow rules? 56
- Every country has poor people and every country has different ways of dealing with the poor.What are some of the reasons for world poverty? How can the poor be helped?Give reasons for your answers and include any relevant examples from your own knowledge 67
- Every country has poor people and every country has different ways of dealing with the poor.What are some of the reasons for world poverty? How can the poor be helped?Give reasons for your answers and include any relevant examples from your own knowledge 73
- Some people prefer to live in a house, while others feel that there are more prons to living in an apartment. Are there more advantages than disadvantages of living in a house compared with living in an apartment? 73
- Every country should have a free health service, even if this means that the latest medical treatments may not be available through the service because they are too expensive.To what extent do you agree or disagree ?Give reasons for your answer and includ 61
Transition Words or Phrases used:
also, first, however, if, so, while, in addition, in conclusion, in my opinion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 13.0 13.1623246493 99% => OK
Auxiliary verbs: 6.0 7.85571142285 76% => OK
Conjunction : 4.0 10.4138276553 38% => More conjunction wanted.
Relative clauses : 7.0 7.30460921844 96% => OK
Pronoun: 27.0 24.0651302605 112% => OK
Preposition: 50.0 41.998997996 119% => OK
Nominalization: 7.0 8.3376753507 84% => OK
Performance on vocabulary words:
No of characters: 1619.0 1615.20841683 100% => OK
No of words: 339.0 315.596192385 107% => OK
Chars per words: 4.77581120944 5.12529762239 93% => OK
Fourth root words length: 4.29091512845 4.20363070211 102% => OK
Word Length SD: 2.55739793447 2.80592935109 91% => OK
Unique words: 191.0 176.041082164 108% => OK
Unique words percentage: 0.563421828909 0.561755894193 100% => OK
syllable_count: 495.0 506.74238477 98% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 5.0 5.43587174349 92% => OK
Article: 6.0 2.52805611222 237% => Less articles wanted as sentence beginning.
Subordination: 4.0 2.10420841683 190% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 14.0 16.0721442886 87% => OK
Sentence length: 24.0 20.2975951904 118% => OK
Sentence length SD: 47.8330429724 49.4020404114 97% => OK
Chars per sentence: 115.642857143 106.682146367 108% => OK
Words per sentence: 24.2142857143 20.7667163134 117% => OK
Discourse Markers: 5.57142857143 7.06120827912 79% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 11.0 8.67935871743 127% => OK
Sentences with negative sentiment : 1.0 3.9879759519 25% => More negative sentences wanted.
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.102737074421 0.244688304435 42% => OK
Sentence topic coherence: 0.0353565376194 0.084324248473 42% => OK
Sentence topic coherence SD: 0.0295492864215 0.0667982634062 44% => Sentences are similar to each other.
Paragraph topic coherence: 0.0677413520406 0.151304729494 45% => OK
Paragraph topic coherence SD: 0.0312683012017 0.056905535591 55% => OK
Essay readability:
automated_readability_index: 13.2 13.0946893788 101% => OK
flesch_reading_ease: 55.58 50.2224549098 111% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 11.5 11.3001002004 102% => OK
coleman_liau_index: 10.74 12.4159519038 87% => OK
dale_chall_readability_score: 7.62 8.58950901804 89% => OK
difficult_words: 60.0 78.4519038076 76% => More difficult words wanted.
linsear_write_formula: 13.5 9.78957915832 138% => OK
gunning_fog: 11.6 10.1190380762 115% => OK
text_standard: 12.0 10.7795591182 111% => OK
What are above readability scores?
---------------------
Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.