In some countries, most people prefer to rent a house rather than buying one. Describe the advantages and disadvantages of renting.
Lately, many people in both developed and developing countries are opting to rent a house instead of owning one, for various reasons. Some experts believe that this new trend is beneficial while some believe otherwise. This essay will discuss both advantages and disadvantages of renting a house over buying.
On the one hand, there is ample evidence that states renting house in today’s scenario is beneficial. The central reason behind this is twofold, firstly, working professionals are always looking for lucrative opportunities in their work stream, and are very eager to migrate cities or countries to achieve their professional goals. In such cases, owing an apartment makes the transition difficult and professionals are unable to relocate due to fixed commitments. Secondly, the property taxes, also known as Millage rate, imposed while buying a house have grown exponentially over the last couple of years, making it an expensive affair especially for the middle class families. The rise in taxes puts enormous pressure on the annual income of the middle class families, thus depleting their savings which is kept for their family’s future. For example, a recent empirical research by Economic Times showed that property taxes in India, has grown from 6% to 18% over the last couple of years, making the property prices soaring sky-high. Due to this increase, many middle class families prefer to rent a house, as it is more economical for them and doesn’t hamper their monthly budget and savings. Therefore, it is conclusively clear that renting a house is considered to be practical and cost-effective compared to buying a house.
On the other hand, although renting is considered a smart option in today’s time, but there are few disadvantages that cannot be overlooked. Today, families are said to be disintegrated compared to yester years. This is because they do not owe own a house which is known as “family home” that holds family members together and instead prefer to live separately on rent. Furthermore, owning a house is considered as source of investment, which can be liquidated during difficult times. For example, an extensive study done by Money Control magazine showed that people who did not invest in buying their own house are usually face difficult times during their old age, as they cannot afford the rent prices due to low inflow of monthly income, and tend to use up their retirement savings to meet their monthly expenses. Thus, it is possible to state beyond doubt that owing a house in considered to be an important asset and results in being beneficial for the future.
From the arguments and examples given, I firmly believe people need to evaluate both the sides when opting for renting or buying a house.
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|---|---|---|---|
| 2022-01-07 | docotrieu86@gmail.com | 71 | view |
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| 2020-10-07 | hp001 | 78 | view |
| 2020-06-02 | HARANMOL SINGH | 78 | view |
| 2020-02-14 | abhishek1408 | 61 | view |
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Grammar and spelling errors:
Line 3, column 865, Rule ID: A_UNCOUNTABLE[5]
Message: Uncountable nouns are usually not used with an indefinite article. Use simply 'recent empirical research'.
Suggestion: recent empirical research
...heir family's future. For example, a recent empirical research by Economic Times showed that property ...
^^^^^^^^^^^^^^^^^^^^^^^^^^^
Line 5, column 640, Rule ID: BEEN_PART_AGREEMENT[2]
Message: Consider using a past participle here: 'faced'.
Suggestion: faced
...t in buying their own house are usually face difficult times during their old age, a...
^^^^
Transition Words or Phrases used:
also, but, first, firstly, furthermore, if, look, second, secondly, so, therefore, thus, while, for example, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 26.0 13.1623246493 198% => OK
Auxiliary verbs: 5.0 7.85571142285 64% => OK
Conjunction : 14.0 10.4138276553 134% => OK
Relative clauses : 13.0 7.30460921844 178% => OK
Pronoun: 30.0 24.0651302605 125% => Less pronouns wanted
Preposition: 53.0 41.998997996 126% => OK
Nominalization: 5.0 8.3376753507 60% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 2336.0 1615.20841683 145% => OK
No of words: 452.0 315.596192385 143% => Less content wanted.
Chars per words: 5.16814159292 5.12529762239 101% => OK
Fourth root words length: 4.61088837703 4.20363070211 110% => OK
Word Length SD: 2.78465217363 2.80592935109 99% => OK
Unique words: 240.0 176.041082164 136% => OK
Unique words percentage: 0.530973451327 0.561755894193 95% => More unique words wanted or less content wanted.
syllable_count: 739.8 506.74238477 146% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 6.0 5.43587174349 110% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 3.0 0.809619238477 371% => Less conjunction wanted as sentence beginning.
Preposition: 4.0 4.76152304609 84% => OK
Performance on sentences:
How many sentences: 18.0 16.0721442886 112% => OK
Sentence length: 25.0 20.2975951904 123% => The Avg. Sentence Length is relatively long.
Sentence length SD: 60.0819399335 49.4020404114 122% => OK
Chars per sentence: 129.777777778 106.682146367 122% => OK
Words per sentence: 25.1111111111 20.7667163134 121% => OK
Discourse Markers: 7.0 7.06120827912 99% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 2.0 5.01903807615 40% => OK
Sentences with positive sentiment : 6.0 8.67935871743 69% => OK
Sentences with negative sentiment : 8.0 3.9879759519 201% => Less negative sentences wanted.
Sentences with neutral sentiment: 4.0 3.4128256513 117% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.182866114911 0.244688304435 75% => OK
Sentence topic coherence: 0.0651302712582 0.084324248473 77% => OK
Sentence topic coherence SD: 0.0546560334498 0.0667982634062 82% => OK
Paragraph topic coherence: 0.132572983323 0.151304729494 88% => OK
Paragraph topic coherence SD: 0.0537273594389 0.056905535591 94% => OK
Essay readability:
automated_readability_index: 15.5 13.0946893788 118% => OK
flesch_reading_ease: 46.1 50.2224549098 92% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 13.0 11.3001002004 115% => OK
coleman_liau_index: 13.0 12.4159519038 105% => OK
dale_chall_readability_score: 9.07 8.58950901804 106% => OK
difficult_words: 120.0 78.4519038076 153% => OK
linsear_write_formula: 12.0 9.78957915832 123% => OK
gunning_fog: 12.0 10.1190380762 119% => OK
text_standard: 13.0 10.7795591182 121% => OK
What are above readability scores?
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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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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.