Compare And Contrast Renting Versus Buying A House

I chose “Buying a house is a better choice rather than renting a housing”. As a tenant, they need permission to make the change for the house while homeowners have the ability to upgrade their own house. Moreover, will save the cost to some extent if they owned a house. To be specific, the part of interest and property tax section of the mortgage payment is tax exemption, especially purchase on the end of a year. The costs for the house are predictable and more stable than renting a house since there is a fixed-rate mortgage for the homeowner. Furthermore, the value of the home will increase as time goes by which build equity, and provide obvious benefit for the owner. The owner can also choose to rent their house to other in order to make money. The article “Endogenous gentrification and housing price dynamics?” provides pieces of evidence to reveal that owning rather than renting since the price of

The survey capacity of 4 geographical regions and 23 major metropolitan areas as samples. Beracha and Johnson used statistical information to indicate the house price increase rapidly. The result shows that expected return is higher for the people who purchase a house rather than renting a house. In addition, they point out that the buying is a preferred option for people from 1978 to 2009 due to boom housing price that brings enormous advantage for the homeowner. Hence, Beracha and Johnson conclude that the buying is a better option for people rather than renting since the price of house increase as time passed which will bring the higher return for the homeowner. However, Beracha and Johnson reveal some flaws in this survey, which include the limited sample size, range of samples that may reduce the efficiency and accuracy of the experimental result. Moreover, the higher expected return may not show actual return since it is the investor anticipates on