Why do many people rent houses instead of buying houses?

With the rising house prices, more and more young people are beginning to consider whether renting a house is suitable for them. Life-long rental refers to renting instead of buying, that is, obtaining a house through long-term lease, rather than buying a house. This method has been very common abroad, but it is still relatively new in China.

First of all, renting a house is really a feasible choice for young people. For young people who have just entered the society, house prices are often high, and the pressure of down payment and loans is also great. Choosing to rent a house can solve these problems, and you can choose the location and room type you want more flexibly, without worrying about house price fluctuation and house maintenance.

Secondly, there are some shortcomings in renting for life. First of all, long-term lease needs to pay higher rent. Over time, the rent may exceed the cost of buying a house. Secondly, there is some instability in renting a house. The landlord may repossess the house or adjust the rent at any time, which will bring some inconvenience and risks to the tenant. Finally, renting a house can not enjoy the benefits brought by the appreciation of real estate, and for those who live for a long time, they may lose some economic benefits.

Generally speaking, renting a house for life can be a choice for contemporary young people, but it needs to be weighed according to their own actual situation. Renting a house is a good choice for people who need flexible living style and pay attention to the quality of life. But for those who pursue stability and long-term development, buying a house is still a better choice. Before making a decision, we should comprehensively consider our own economic situation, career development and living habits, and find a lifestyle that suits us.