Houses for Rent Seem to be More Beneficial
A recent study done by a professor from the Wharton School in the University of Pennsylvania reveals that renters are happier than homeowners, and they can even be thinner. Houses for rent seem to be the better choice than purchasing a house of your own.
Prices of houses just continue to go up. Especially after the economic crisis, the housing industry seems to have taken the hardest blow from the economic slowdown that was experienced in the whole country. With this, the next best thing to do for those who were not able to buy their own houses was to rent out.
There can be a lot more advantages as a renter than being a house owner. For one, rent is generally cheaper and more affordable than monthly home mortgages. Also, renters do not have to pay for repairs and maintenance of the rental home in which they are staying. True, there can be agreements in the lease about maintenance and upkeep, but the owner of the rental house or home is still ultimately the one responsible for the property.
Another advantage a renter has is the freedom to move from one place to another if there is a need to. As a renter, you do not have to be committed to staying in a house and to paying for it almost all your life. This seems as a better deal than getting your own house.
In contrast to living in a house for rent, living in your own home can sometimes be more of a hassle. This is because there are a lot of problems associated with keeping your own home and paying for it almost your whole lifetime. According to Grace Wong Bucchianeri, the professor who conducted the study, homeowners are usually more uptight and more problematic than those who stay in houses for rent. The more interesting fact found in the study is that homeowners are generally 12 pounds heavier than a renter.
The report and the study are not meant to discourage people from buying houses. Rather, it is just a new perspective that brings out the idea that home ownership is not the ultimate American dream. Tenants of houses for rent can equally be achieved and satisfied as those living in their own houses.
