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I will pay for the following essay Compare/Contrast Buying a home vs. renting an apartment. The essay is to be 3 pages with three to five sources, with in-text citations and a reference page.renting d
I will pay for the following essay Compare/Contrast Buying a home vs. renting an apartment. The essay is to be 3 pages with three to five sources, with in-text citations and a reference page.
renting dilemma.
Renting is an agreement where a payment is made for the temporary use of a good or property owned by another person or company (Answers, 2009). Renting agreement are very popular in the United States because they are cheaper way to obtain a home or apartment. A person that rents does not have to pay any property taxes since they are not the owners of the home.
Lease agreements for apartments or homes typically are signed for a time span of one year. A person that rents an apartment benefits in other such as having great flexibility. If a person does not like the place, they can move out into another rented apartment after the term of lease expires. Another advantage of renting is that a person does not have to have good credit in order to qualify for the lease. Credit scores and standing are rarely a part of the renting agreement process.
We are living in some tough economic times. The unemployment rate in the United States has reached a whooping 9.5% (Bls, 2009). When people lose their jobs sometimes it is hard to pay a mortgage. A person that leases can maneuver better during hard economic times. A person that leases has the option of leaving the place and moving in with relatives until they get back on their feet. A rental agreement is short term commitment, thus it gives a person more flexibility as far as being able to relocate easier. Despite the many advantages of leasing there are also major cons associated with renting. A person that pays rent is always giving money to someone else without the benefit of getting any financial rewards in return. When a person rents they are basically paying another bill, thus renting could be categorize as a type of expense. Buying a home is a completely different proposition.
Buying a home is one of the biggest decisions an adult person makes. Buying a home serves a dual purpose. It provides a person and his family with shelter, while at the same time it is a form of investment. Contrary to
