Buying a House vs Renting a House

An essay I wrote when I was really young.

Shelter is a need in human life. That means it is a must for life. Either renting or buying is possible. But it depends on the person who buys or rents it-  Are they planning to stay in one place? Are they a “Move and go person?"- That all depends on the person. They may vary in difference in who owns it, payment, and selling. Mostly you just find the advantages and disadvantages and then see which advantages and disadvantages are the best for you.

            When you buy a house, it is yours. You own it. There is no person(landlord) to annoy you. You can do anything with it, put a new door, paint it, etc. When you rent a house, it's not actually yours, it's the landlords. You are just buying it from him/her to use the house. When something goes wrong, then the money has to come from you. There is stability.  When you rent a house, when something goes wrong, since it is the landlords, the landlord has to fix it. Landlords also give you rules, something like no pets in the house or no using the computer for more than 5 hours. So when you buy a house, anything can happen that can be disastrous to your neighbour.  As you see, there are differences between renting and buying a house.

            Payment is also is another difference between renting and buying. When you rent a house you pay monthly for the house and the landlord pays for everything else. You don't have to be bothered by taxes or mortgages. But in reality, you are actually paying for something you will never own. On the other hand, when you buy a house, you pay once for the house, then you pay for everything else. The interest you pay each month on your loan balance is deductible. It is obvious to people that buying a house is money saving, but renting a house is cheaper and more better for less fortunate people.

            Anything you own you can sell. It may take a long time, but it eventually will. Most people are impatient so they don't buy, they rent. When you rented a house and want to move, it's easy. They don't have to worry about anything. It is easier then to selling a house because you have to go through a lot of things and it sometimes gets on your nerves.