Renting Is Not A Waste Of Money Chapter 1 Summary

I believe that everything that was presented in this chapter has very informative features and some or most people could relate to. Personally I don’t have a lot of experience in this field because I’m not at the level where I feel like I’m ready to move out and cohabitate. I know for a fact that some day it’ll happen and I might acquire some features that might not be so suitable, but by reading this chapter I have a broader

“The home is the wellspring of personhood. It is where our identity takes root and blossoms, whereas children, we imagine, play, and question, and as adolescents, we retreat and try. As we grow older, we hope to settle into a place to raise a family or pursue work. When we try to understand ourselves, we often begin by considering the kind of home in which we were raised” (Desmond 2016, 293). Evictions! The root of poverty? Matthew Desmond’s novel “Evicted: Poverty and Profit in America City, portrays the lives of tenants, landlords, and house marketing on the poorest neighborhoods of Milwaukee. Desmond gives the reader overwhelming evidence and revealing testimony illustrating the major impact of inadequate housing on individuals, local, and national level. Desmond’s analysis and observation of his case study enables him to portray the reality of poverty, and to persuade the readers that evictions are a major consequence, and primary contributors in the relentless cycle of poverty. Desmond build his argument using two Aristotelian rhetorical appeals, ethos, logos and inductive reasoning to illustrates the importance of ending the cycle of poverty.

Alexander, through this process is now faced with numerous questions concerning his decision making. One being whether he should rent or live in the fourth story single bedroom apartment. If Alexander lives in the apartment he would be able to maintain the janitorial costs of the building saving him $1,800 a year. He would also be able to fix minor problems in the building without having to hire an outside contractor. Thus gaining him much needed firsthand experience in becoming a landlord. Although living in the apartment would also provide many hassles. They would receive complaints at home from their tenants. And if relationships were formed it would be much more difficult to remove your friends from your apartments rather than tenants you do not know. Most importantly he would lose $19,200 a year in rent if he was to live in the apartment himself. (Refer to exhibit 1)

As you see there are definitely pros and cons when deciding if renting or buying is right for you. When you rent, you don’t have the responsibility of maintaining the home, you aren’t worried about improving the interior or exterior of the dwelling, you don’t have to pay taxes on the home, and you aren’t faced with the possibility of losing the capital put into the housing market, or the possibility of foreclosure if a mortgage payment is missed (Should you rent or own). But on the flip side, when owning a home the equity in the home can be converted into money if refinanced or sold. Over the years, if kept well, real estate property increases in value and therefore this asset will up in value the longer the property is held (Should you rent or own).

No tour of America’s scenic parks is complete without a foray into the outdoor offerings of old Kentucky. And if you want a real view of the real beauty that makes Kentucky’s natural scenery so spectacular, you can’t beat Scenic Cabin Rentals for an immersed vacation rental experience in Red River Gorge, Natural Bridge State Park, or Daniel Boone National Forest.

As I go to sleep, I dream of a place where everyone is treated equally and not judged by their race or culture. As I wake up the next morning I tell myself, “Life being treated equally… What is that?”  For years racism has been around, When will it ever stop? We the people are tired of seeing innocent black lives on the news being shot up by police officers for looking “suspicious”. If the law does not seem to notice how big of a problem racism is becoming, One suggestion that I would give them is that they should take their time to read “Room For Rent”,  By Richie Narvaez. After reading that story, it will give you a better view on how racism is a huge problem. While I was reading this story, it made me more interested to find out if this is really happening or is it just a myth. It makes me wonder if people actually face these ethnicity problems.

People who have low income are all willing to pay their house rent at a reasonable and affordable price, in order to accommodate public’s wishes, the New York City regulated the Rent Control law in 1947. The rent control is originally designed to against the potential increase of house rent, and also protect citizens’ personal property. This is an empirical example of the implement of the price ceiling, which is the maximum price set by the government, any price beyond this price would be considered illegal. (Microeconomics) But after the rent control was enforced, does it really help the public as it was supposed to do? The answer can be either yes or no.

When someone makes the decision to buy or rent a home they must consider the advantages and disadvantages of each. In buying a home the primary advantage is that you actually own it. You can do whatever you want with it. Also, you are building equity as the years go by. “People today have problems saving for their future” (CNN Money, 2014). However, when they buy a home, the

Thesis: Home ownership provides greater potential gains than renting, while renting provides superior financial flexibility.

Our homes are potentially the biggest expense we have whether they are owned or being rented. The lesson is to live below your means and own a home that you can comfortably afford. Arkad points out the spiritual and financial benefits of owning a home and the good it does by having something to show for in the end. This plays into insuring a future income, which is a lesson in retirement and disability planning.

Renting in the city of Montreal is expensive, if you are looking at an apartment downtown or in the plateau you can be looking at $800 or more for a studio. The city has an affordable housing option available for those that are unable to pay the high prices. The low income housing program is not dependent on your income like the cities low-rent housing program, but instead it is at a fixed price that is much lower than the rental market rate. These buildings have anywhere from 1 bedroom to 4 bedroom apartments, and although students seem to be eligible for these housing options they are not convenient since none that are on the list as of writing this article, are not in close proximity to any of the city’s major universities or cegeps. According

Some individuals may believe that buying a home is part of the American dream and that renting an apartment does not compare, yet satisfied renters would disagree. Even though owning a home provides a sense of security while allowing modifications without permission, renting is preferred more often over buying because the expense of updating, monthly payments combined with utilities, and paying insurance on a home comes with a high price tag. A homeowner does have several luxuries such as forming lasting friendships with their neighbors, making landscaping changes to their yard, painting and designing their home. While that remains true, renting an apartment comes with several different options and

The information has already been provided that sense the the housing market crashed people in general have been apprehensive to purchase homes. But even more so to the new generation of millennials. And even current events are shaping the future of home ownership, like the new revision on taxes. So does most certainly understandable to why people would be so wary of the dangers, and struggles of buying a home. And how it might be all together easier not to buy one.

Thesis Statement: Buying a home has many advantages and disadvantages but for many people the good overpowers the bad.

“Buying a house is a better option than renting an apartment.” In this essay I will discuss about the major benefits of buying a house rather than renting an apartments. While it can be costly it is a safer place to live that has long term-investment and tax advantage. Buying a house may be difficult and it can be a confusing process, even for veteran buyers. Here are some tasks that housing experts say before getting into the buying a house. Get financials in order. Buyers should check their credit score, taxes, 401(k) s and other aspects of their financial situation to determine the maximum amount they are comfortable affording for their monthly mortgage, utilities, maintenance, taxes and insurance. If one’s credit score is low, he or