In some countries, people prefer to rent a house for accommodation, while in other countries people prefer to buy their own house. Does renting a house have more advantages or disadvantages than buying a house?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
Shelter, along with food and clothing is an essential necessity in life. Due to cultural difference and preferences, people either rent or own a home. Some argue that there owning a residential place has more disadvantages than leasing it, I disagree to this statement. This essay will discuss it as an asset and also the freedom to move around while being a tenant along with relevant examples.
On the one hand, there is ample evidence that purchasing a place to stay has more monetary benefits. The central reason for this is two fold, primarily, it is cheaper than renting a home overtime. The amount of payments made for a home loan is almost equivalent or cheaper for a lifetime of housing expense. Secondly, it is an appreciating asset which could be useful to mortgage in case of any emergency. To illustrate this, according to a survey by IMF, loan against property is the most disbursed loan surpassing personal and educational loan across the globe. Therefore, it is conclusively clear that besides being entitled with a property, it buying a house can help one economically.
On the other hand, although there is a case for house acting as an asset, renting a residence does not burn a hole in savings over period of time. One is free from the liability to maintain a house which could hamper an individual’s bank balance. In addition to this, it liberates one thought to be stuck at one place and encourage to move around different places and live. Thus, it is possible to state that in order to lead a fulfilling life and not spend on repairs, it one should hire an apartment or a building.
To conclude, despite its disadvantages of having a psychological impact to root an individual in one place, in my opinion the monetary benefits along with security that having own accommodation eclipses the drawbacks associated.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2020-12-13 | ghostwriter | 78 | view |
| 2020-06-26 | Anjanakanal D | 73 | view |
| 2019-11-16 | Prabhp | 59 | view |
| 2019-02-06 | Zeeq1982 | 42 | view |
| 2018-08-08 | Rishi Malhotra | 83 | view |
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Grammar and spelling errors:
Line 1, column 180, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...own a home. Some argue that there owning a residential place has more disadvantag...
^^
Line 5, column 132, Rule ID: PERIOD_OF_TIME[1]
Message: Use simply 'period'.
Suggestion: period
...ce does not burn a hole in savings over period of time. One is free from the liability to main...
^^^^^^^^^^^^^^
Line 5, column 333, Rule ID: ALLOW_TO[1]
Message: Did you mean 'moving'? Or maybe you should add a pronoun? In active voice, 'encourage' + 'to' takes an object, usually a pronoun.
Suggestion: moving
... to be stuck at one place and encourage to move around different places and live. Thus,...
^^^^^^^
Transition Words or Phrases used:
also, besides, if, second, secondly, so, therefore, thus, while, in addition, in my opinion, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 15.0 13.1623246493 114% => OK
Auxiliary verbs: 5.0 7.85571142285 64% => OK
Conjunction : 10.0 10.4138276553 96% => OK
Relative clauses : 7.0 7.30460921844 96% => OK
Pronoun: 22.0 24.0651302605 91% => OK
Preposition: 43.0 41.998997996 102% => OK
Nominalization: 8.0 8.3376753507 96% => OK
Performance on vocabulary words:
No of characters: 1535.0 1615.20841683 95% => OK
No of words: 315.0 315.596192385 100% => OK
Chars per words: 4.87301587302 5.12529762239 95% => OK
Fourth root words length: 4.21286593061 4.20363070211 100% => OK
Word Length SD: 2.87189138741 2.80592935109 102% => OK
Unique words: 182.0 176.041082164 103% => OK
Unique words percentage: 0.577777777778 0.561755894193 103% => OK
syllable_count: 506.7 506.74238477 100% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 9.0 5.43587174349 166% => OK
Article: 2.0 2.52805611222 79% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 9.0 4.76152304609 189% => OK
Performance on sentences:
How many sentences: 15.0 16.0721442886 93% => OK
Sentence length: 21.0 20.2975951904 103% => OK
Sentence length SD: 36.8974554979 49.4020404114 75% => OK
Chars per sentence: 102.333333333 106.682146367 96% => OK
Words per sentence: 21.0 20.7667163134 101% => OK
Discourse Markers: 7.33333333333 7.06120827912 104% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 3.0 5.01903807615 60% => OK
Sentences with positive sentiment : 8.0 8.67935871743 92% => OK
Sentences with negative sentiment : 1.0 3.9879759519 25% => More negative sentences wanted.
Sentences with neutral sentiment: 6.0 3.4128256513 176% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.209901728329 0.244688304435 86% => OK
Sentence topic coherence: 0.0692052401708 0.084324248473 82% => OK
Sentence topic coherence SD: 0.0636046694171 0.0667982634062 95% => OK
Paragraph topic coherence: 0.115681066772 0.151304729494 76% => OK
Paragraph topic coherence SD: 0.0363243098854 0.056905535591 64% => OK
Essay readability:
automated_readability_index: 12.0 13.0946893788 92% => Automated_readability_index is low.
flesch_reading_ease: 50.16 50.2224549098 100% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.5 11.3001002004 102% => OK
coleman_liau_index: 10.97 12.4159519038 88% => OK
dale_chall_readability_score: 8.59 8.58950901804 100% => OK
difficult_words: 78.0 78.4519038076 99% => OK
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 10.4 10.1190380762 103% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?
---------------------
Rates: 78.6516853933 out of 100
Scores by essay e-grader: 7.0 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.