How One Rent And Should One Buy A House? Essay

1013 Words Jan 26th, 2016 null Page
In today’s society, having a place to live in is very important. That raise the question of how one should live their lives, should one rent or should one buy a house? This decision is hard to make due to the reason that each of the choices have their own advantages and disadvantages. According to the National Association of Realtors, there will be “five to six million families that will become new renting households in the next ten years.” (Harper 2013) We might ask ourselves, why is there a growth of people wishing to rent an apartment instead of buying a home? Before the American Dream involves buying a home, buy why is there many American changing their mind? People choose to rent because of the many advantages it offers. The top reason that most people choose to rent is the flexibility it offers compared to buying a home. Some Americans’ jobs require them to move around the country every few months or even every few years, which makes owning a home in a certain location not the best choice. When we look at the younger generation we will also see that many of them don’t like the idea that they have to live and lock themselves in a certain location for around thirty years, an average lifespan of finishing paying of their mortgage. The average young adult would often have the idea of moving around exploring the different ways of living life, which includes traveling city from city or even country to country. The Boston Consulting Group reports that the millennials…

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