Renting VS Buying: The Debate
Some individuals may believe that buying a home is part of the American dream and that renting an apartment does not compare, yet satisfied renters would disagree. Even though owning a home provides a sense of security while allowing modifications without permission, renting is preferred more often over buying because the expense of updating, monthly payments combined with utilities, and paying insurance on a home comes with a high price tag. A homeowner does have several luxuries such as forming lasting friendships with their neighbors, making landscaping changes to their yard, painting and designing their home. While that remains true, renting an apartment comes with several different options and amenities that are just as convenient as buying a home.
Apartment complexes have begun to form into small communities where they have several luxuries including indoor pools, game rooms, weight rooms, personal trainers, security systems, and indoor parking garages along with dozens of other options to choose from according to the National Multi Housing Council (Council, 2011). Since a homeowner would have to spend thousands of dollars to obtain these items, having those amenities available in an apartment has become a better option than buying a home. Homeowners often have more living space in their home and this can be an important advantage over renting an apartment. The National Housing Council stated that “Bigger apartments combined with new designs, conveniences and amenities are revolutionizing apartment living.” (Council, 2011) This suggests that apartments are being designed to allow more space for renters while still including and adding amenities that were not available in the past...
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...only way to live a happy fulfilling life or to live the American dream. Renting an apartment has become one of the best ways to save money, form a bond with a small community of people, and have the luxury of amenities that otherwise could not be afforded in the average household.
Works Cited
Council, N. M. (2011). Rent vs. Own. Retrieved October 13, 2011, from NMHC: http://www.nmhc.org/Content/ServeContent.cfm?IssueID=10&ContentItemID=1149&siteArea=Topics
Minneapolis City Council. (1997-2011). What to Know About Permits. Retrieved October 25, 2011, from Minneapolis City of Lakes: http://www.ci.minneapolis.mn.us/mdr/permits/WhatToKnowAboutPermits.asp
Tse, K. Q. (2011, May 11). Is It Better to Buy or Rent? -Interactive Graphic- NYTimes.com. Retrieved October 23, 2011, from www.nytimes.com: http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Buying and leasing are two very different approaches to obtaining a vehicle while both have their advantages and disadvantages both can also benefit the purchaser. There are many differences between the two but the primary difference is with buying money is paid to own the vehicle and with leasing money is paid to use the vehicle. According to the site www.towtrucknet.com/financing.htm, of the 15.5 million new vehicles sold in 1998 a record 5.3 million were leased. The three main differences are payments/price, depreciation value, and valuable differences.
Rent. To most people it is associated with an apartment, house, or another object. This word rarely conjures pleasant memories, but more often annoyance and stress. However, when someone mentions rent to me, my mind races to some of the most memorable experiences in my life.
There are many pros and cons of homeownership for Millennials. There are many perks and fewer troubles for millennials wanting to own a home. There are many apartment buildings, especially in recent years, that offer various luxury benefits. Everything from swimming pools to physical fitness centers, and outdoor tennis courts to storage units, rental buildings offer many benefits. Whenever something happens in your unit, like a broken faucet, a faulty stove or rusty balconies, the building owners will immediately repair it. All of this stuff is included in the rent. Meanwhile, when owning a home, there are fewer perks and many troubles. Another perk is that renting provides more flexibility. If you’re tired of your community you can move. If
Foreclosures in our present day society are a big issue. Foreclosures lead to homelessness, job loss, vacant buildings in towns, it causes populations in towns to decrease, and more problems for both the victim and the town or city they reside in. Thought history many people have been foreclosed on. There are many ways to avoid a foreclosure and that is to be smart with money. If one was already foreclosed on they often have a hard time buying anything from real-estate due to their credit now being bad. A “rent-to-own” option however, can allow the foreclosed upon to prove that they are still good with money and should have better credit than that they currently have. The “rent-to-own” option is when one rents a building such as a house and is eventually given the option to buy the house after a possible few years of renting the house. This then raises the question of if a “rent-to-own” option is the best idea for those wishing to buy property.
Economic troubles can be prevented through access to affordable and adequate housing that is within the means of an individual’s income. With advances in production and design, the American Dream can become a feasible reality for all Americans.
There’s a lot that could be said to convince you that renting apartments in Oakland would be one of the best decisions of your life. Maybe you’d be interested in the fact that Oakland is a smart city; it’s one of the top cities when counting residents with bachelor’s degrees. Maybe you’d be intrigued by the fact that Oakland is known for its ethnic diversity, as well as its sustainability practices. Many more facts could be spewed at you, and they’d all add up to one thing—Oakland is an awesome, hip place to live.
For those of us with warm roofs over our heads and groceries on the table the problem of affordable housing does not often surface. But for low-income families, where half the income can disappear simply trying to keep the family sheltered in an acceptable home, the problem is a daily one. President of the BRIDGE Housing Corporation Donald Terner and columnist Brad Terner argue that affordable housing is a problem that should involve everyone. From your local supermarket clerk to your child’s science teacher, the problem of affordable housing can affect us all.
To understand what is being discussed, one has to understand the underlying problem: rent control, as a result of a shortage of affordable housing. Rent control is defined as “a law placing a maximum price, or a “rent ceiling,” on what landlords may charge tenants” (Block, W. n.d) and is the “stated goal of preserving affordable housing for low- and middle-income families” (Blackwell, L. n.d). Rent control changes depending on the country. In this essay the effects of rent control will be discussed.
My best friend, Michael, and I were recently shopping around trying to determine where we were going to live starting in the fall next school year. We both spent this last semester on campus to fulfil Georgia Southern’s first-year requirement and both of us would be quick to agree that it definitely had its pros and cons. Before we started, we sat down and took a look at what on-campus and off-campus housing had to offer using a cost-to-benefit ratio. While living on-campus is great in the fact that you are able to walk to class faster, you are located closer to the meal hall, and you have the ability to go to the library without searching for a parking spot; due to the tolls it takes financially, socially, and personally in regards to schoolwork and grades, living on-campus is an issue that I feel is a huge factor in low grades. Off-campus housing, due to the wide variety to choose from, is capable of providing students with the freedom they need in order to be their own person, the ability to hide away in your room when it’s time to study or visit one of the many amenities provided by the community when they feel like being social, and they provide all of this at a mere fraction of the cost of on-campus housing even when factoring in utilities, food, and gas.
people who manage apartments, therefore do not need to pay rent for a place to
The American dream was owning a house with a white picket fence. Now this dream is impossible. Individuals and families find it more difficult to find a decent home to rent in a suitable living area. According to Huffington Post, the hourly wage needed to afford a two bedroom apartment in California is at least $26 an hour. This is more than triple the minimum wage. Eviction, relocation, and inflation are the common keywords that associate with affordable housing. I 'm hoping to persuade you to support affordable housing for all. Today, I will be discussing, one, inflation of the housing market that needs to decrease, two, eviction from homes, three having to move to communities far from their work site.
This article describes the disadvantages and advantages of buying or renting your home. It describes advantages of buying such as taxes and appreciation of the home. However, coming up with a down payment may be hard for many people. Renters may have less cost and more flexibility on when and where they can move to.
Cash flow is very important when choosing a living environment. Living in the city can easily be more expensive, if you do not know where to look. But it can also be very competitive with that of your spending in the country. Apartments can be very affordable in a rent-controlled neighborhood, and are much more feasible for families, or students just starting out on their own; whereas, in the country, you may have to buy a home or hard to find cheap rentals. Transportation costs, groceries, taxes, and utilities are common expenditures for any adult. But, many may find that a large amount of money can be saved on these living expenses in a city.
...vs. buying a home: Pros and cons [Web log post]. Retrieved April 2, 2014, from http://www.sheknows.ca/home-and-living/articles/960555/pros-and-cons-of-renting-vs-buying-a-home
Communicating with people from other countries often makes me bother, and it happens when I am totally not expected about. This is not the first visit to the other country, but talking non-native language in non-native country is quite different from the long time study in my country. Especially, when we face some special occasion, like renting a room, it is very hard to negotiate with people. Renting a room is not a thing I am familiar with even in Japan. One day on July, one rumor among Japanese students became true, that not all of us can have a room in dormitory even if one send request in this April. My friend received a mail from UNR, which said that he could not have a room next semester. My friend and I were just shocked and on that day we started looking for a room.