AlbaLink Co., Ltd.
[Ranking the reasons why I decided to live in a rental for the rest of my life] Questionnaire survey of 453 people
Awareness survey on why people decided to live in a rental for the rest of their lives
AlbaLink Co., Ltd. (Headquarters: Koto-ku, Tokyo; Representative Director: Kenji Kawata) conducted an “Awareness Survey on the Reasons for Deciding to Live in a Rental Lifetime” for 453 people who have decided to live in a rental life for the rest of their lives. ranked the data.
Details will be published by Property Purchasing Pro.
We often see debates on whether to rent or own a home on TV or on the Internet. There are advantages and disadvantages to renting and owning a house, and in the end, you have to decide which one to choose based on your personal values.
This time, the translation property purchase professional
(https://wakearipro.com/) operated by AlbaLink Co., Ltd.
(https://albalink.co.jp/) targets 453 people who have decided to live in rental for the rest of their lives. We conducted a questionnaire survey on “Why did you decide to live in a rental for the rest of your life?”
Survey target: Those who have decided to live in rental for the rest of their lives
Survey period: October 14-28, 2022
Research agency: In-house research
Survey method: Voluntary responses via the Internet
Number of valid responses: 453 (267 females/186 males)
Age of respondents: 0.2% in their teens / 23.8% in their 20s / 42.9% in their 30s / 21.6% in their 40s / 10.2% in their 50s / 1.3% in their 60s and older
Respondent family composition: Married, no children 19.6% / Married, with children 31.1% / Single, no children 43.8% / Single, with children 5.5%
Summary of survey results
・ The number one reason for deciding to live in a rental for the rest of my life is “easy to move”
・ The number one disadvantage of living in a rental for the rest of your life is “continue to pay rent for the rest of your life” The number one reason for deciding to live in a rental for the rest of their lives is “easy to move”
When we asked 453 people who have decided to live in a rental for the rest of their lives “Why did you decide to live in a rental for the rest of your life?”, the top answer was “Easy to move (204 people).” The 2nd place is “no burden of maintenance (96 people)”, the 3rd place is “no burden of property tax (45 people)”, and the 4th place is “many transfers (39 people)”.
“Easy to move” is overwhelmingly the majority, and it can be seen that many people are attracted to the lightness of renting.
Many people cited cost advantages such as “maintenance costs” and “fixed asset tax” as reasons.
Also, from the answers that “loan repayment is pressure” and “no trouble of inheritance”, it seems that many people strongly feel the “disadvantages of owning a house” rather than the merits of renting. -1st Place Easy to move-
・It is stressful to live in the same place for the rest of your life because it is boring. The reason I decided to live in a rental for the rest of my life is that I can refresh myself by moving to a new house every 4 to 6 years. (Male, 20s, single, no children)
・Because the family structure changes and children grow up, they move house (Male in his 30s, married, with children)
・It is good that it is easy to change the environment because you can move if you have even the slightest dislike (female in her 40s, married, with children)
The advantage of renting is that it is easier to move than owning a house. Even if there is trouble with neighbors, I can move to a new environment without putting up with it, so there is less stress. You can move according to your lifestyle and life stage, so you can relocate according to the growth of your children and the number of family members living together.
If you want to change jobs, you will have a wider choice of places to work. Also, if you look for a newly built property and move in, you will always be able to live comfortably in a new and beautiful property. -Second place No maintenance burden-
・The management company will take care of repairs and repairs due to aging, so you don’t have to worry about spending (female in her 20s, single, no children)
・Even if the plumbing needs to be repaired, the landlord pays for it (male, 40s, married, with children).
Maintenance of the property is the responsibility of the landlord. Since the landlord is responsible for things like “the built-in air conditioner is broken” and “regular exterior wall painting,” the owner does not have to bear the maintenance costs.
Even if there is a sudden breakdown or malfunction of the equipment, you can rest assured that there will be no large expenses.
You may have to pay monthly “administration fees” and “common service fees” as expenses for maintenance, but in many cases it is not as much as the “repair reserve fund” of the condominium.
-3rd Place: No Fixed Property Tax Burden-
・Because I had a problem with property tax (female in her 30s, single, no children)
・Buying a house or condominium incurs property tax (female in her 50s, married, with children)
If you own land or buildings, you will be subject to property tax. It is one of the running costs apart from the loan repayment, and many people who buy a home feel that the tax burden is large.
For this reason, many people answered, “If you rent, you don’t have to pay property tax.”
You can see that many people are concerned about the running costs of maintaining their homes, including maintenance costs.
-Fourth Place Transferred a lot-
・I can’t decide on a base because I get transferred a lot (Male in his 20s, married, with children)
・Because I’m a transfer family. If I owned a house, I would have to sell it when I moved, so I rented it (30s, male, married, no children).
・Because there are many transfers and I can’t afford to settle down and live in a house (woman in her 40s, married, with children) Many people are choosing to rent because they do not want to live permanently. We often hear people say, “I’m troubled by being transferred immediately after buying a house.”
If the transfer is due to the company’s circumstances, there may be systems such as “rent subsidy” and “rented company housing” when living in a rented house, so it seems that housing costs can be reduced considerably.
-5th place I don’t have money to buy a house-
・Because I live in Tokyo and decided that it was impossible to buy a house in Tokyo because my annual income was low (Male in his 30s, married with children)
・I don’t have the money to buy a house, and I can’t even get a loan (female in her 40s, single, with children)
・I don’t have the funds to buy a house or condominium, so I’m renting for the rest of my life. If I have the money to buy a house now, I would like to use it to supplement my post-retirement life (female in her 50s, married, no children).
Some people gave up on owning their own homes and decided to live in rentals because they could not afford a large sum of money.
I didn’t actively choose to rent, but it was a pattern of “I really want to own a house, but I can’t.”
Some people say that they can get a loan even if the down payment is small, but if the monthly repayment amount is large, the household budget may not turn around.
In some cases, you may not be able to get a mortgage due to low income or lack of credit.
– 6th Place Loan repayment pressure –
・Because I don’t want to live with debt (Male in his 30s, single, no children) ・I don’t like loans, so I’ve decided to rent for the rest of my life (female in her 40s, married, no children)
・If you are not wealthy, you will have trouble paying your mortgage (Male in his 50s, married, with children)
Many people think that they don’t want to be in debt or that they don’t want to be tied to a loan.
In the case of renting, if your income decreases and you want to lower your housing costs, you can move to a cheaper rental.
However, since it is necessary to continue paying a certain amount until the mortgage is paid off, many people seem to be worried about what to do if they cannot work and cannot pay.
Especially if you are worried about your health or the future of your workplace, it may be easy to feel that taking out a large loan is scary.
-7th place No children-
・The main reason is that I don’t want to have children in the future. Even if I find a partner I want to spend the rest of my life with, I don’t want a stable place to live if I don’t have children (female, 20s, single, no children).
・I am married, but I do not plan to have children. There is a possibility of getting divorced in the future, and I chose to rent because I want to keep things light (female in her 30s, married, no children).
・There is no one to inherit the house or land, and it is troublesome to dispose of it (Male in his 40s, single, no children)
If you don’t have children, you don’t have to worry about things like, “It would be a pity if I transfer schools every time I move,” or “If I rent, my children’s footsteps can be heard easily.”
Since no one wants to leave the house, you can also think that there is no point in owning assets.
I have heard from people who are currently single that they have no intention of getting married.
-8th place No hassle of inheritance-
・When my grandmother passed away, my parents struggled with the inheritance and dismantling of the vacant house. My parents also live in a detached house, so when I think about how to handle my parents’ own house in the future, I feel that renting is easier (Male, 20s, single, no children)
・Since I saw my relatives struggling to dispose of the inherited house, I thought, “I don’t want to cause trouble for the family left behind.” (Female, 40s, married, with children)
Many people chose to rent after seeing their parents and relatives struggling with “inheritance of their own home” and “closing of their parents’ house (disposing of an empty home).”
When you see someone close to you having a hard time, you probably feel the disadvantages even more as if it were your own business. Some people say, “I don’t have anyone to leave my house with, so I’m renting.” The number one disadvantage of living in a rental for the rest of your life is “continue to pay rent for the rest of your life”
When we asked 453 people who have decided to live in a rental for the rest of their lives about the “disadvantages of living in a rental for the rest of their lives,” the number one answer was “continue paying rent for the rest of their lives (124 people).”
2nd place is “not an asset (104 people)”, 3rd place is “difficult to sign a contract when you get old (69 people)”, and 4th place is “not easy to renovate (48 people)”.
If you classify the ranked items by genre, they will be “financial aspects”, “peace of mind”, and “living comfort”.
We learned that even those who have decided to rent for the rest of their lives and those who actively choose to rent, feel the
disadvantages in terms of economics and mentality.
-No. 1 Keep paying rent for the rest of your life-
・Continuing to pay rent even in old age (Male in his 20s, married, no children) ・Continue paying rent from a small income (female in her 30s, single, no children)
If you own a home, you will only have to pay maintenance fees and property taxes once the loan is paid off.
However, if you rent, you will continue to pay rent even when you are old. Therefore, many people are worried about whether they will be able to pay the rent after retirement.
-Second place not an asset-
・Even if you continue to pay rent for the rest of your life and the total amount of payments reaches millions of yen, the emptiness that you will not own for the rest of your life (30s female single with children)
・ Even if you continue to pay the rent, nothing will remain at hand (female in her 40s, single, no children)
Many people feel that even if they continue to pay rent, the disadvantage is that they do not own the house.
If the house is not yours, you may worry that the landlord will suddenly ask you to move out.
Also, some people feel emptiness, saying, “I paid a lot of money.” -3rd Place: It’s difficult to get a contract when you’re old- ・ Possibility of not being able to renew the contract when you get older (Female in her 20s, married, no children)
・As you get older, it becomes more difficult to rent, especially if you are single (Male in his 40s, single, no children)
・ Even if you want to move at an older age, there is a possibility that they will not accept you (male, 50s, married, with children). If you are elderly and have a low income, you may be refused to move into a rental property because you will not be able to pay the rent. Also, if you are elderly and single, it is said that the risk of lonely death is high, and it is said that rental property owners tend to avoid you.
As a result, many people are worried about “moving to another place” or “renewing their contract” after they become old.
-Fourth: Renovation is not easy-
・Simple remodeling is not possible. I have a qualification in electrical systems, so if I owned a house, I might have been able to make use of it. (Male in his 20s, single, no children)
・The biggest disadvantage so far is that I can’t renovate the room as I want (female in her 30s, married, no children)
The interior and furnishings of the rental property are up to the owner. Even if you think “I want you to change the facilities to something better” or “I want you to make the wallpaper fashionable”, it doesn’t mean that you will be remodeled as you wish.
In principle, remodeling by yourself is prohibited, and if you change the interior without permission, you must return it to its original state when you move out.
In rare cases, there are rental properties where you can freely renovate the interior, but basically, let’s think that “renting has a low degree of freedom.”
– 5th place Neighbor trouble is likely to occur –
・In the case of collective housing, noise and other troubles with neighbors are likely to occur (Male in his 20s, single, no children) ・Noise problems with people living next door or on the upper and lower floors are unavoidable (female in her 30s, married, with children) More and more people are concerned about noise problems.
In some cases, “the noise made by the neighbors is noisy,” and in other cases, “the sound of children’s footsteps causes noise in their own homes.”
This is because rental condominiums and apartments often have lower soundproofing performance than condominiums.
One advantage of leasing is that it is easy to move in the event of trouble. – 6th: Unable to pay rent when income decreases –
・If your income becomes unstable, you will get lost on the streets (female in her 40s, single, no children)
・If you become old or suddenly lose your job due to illness or injury, you will not be able to pay your rent (female in her 50s, married, with children).
・If you can’t pay the rent, you have to move out (Male over 60, single, no children)
In order to continue living in a rented house, it is necessary to pay the rent. You may be asked to move out if your rent is in arrears for a long period of time.
In particular, people who are “single,” “work is unstable,” or “have no relatives or friends who can provide financial support” are likely to worry about rent delinquency.
If you are unable to pay the rent, please consider public support such as the “Housing Security Benefit”.
-Tie 6th. Total cost will be higher-
・Since you continue to pay rent, it may end up being expensive (Male in his 20s, married, no children)
・ You can buy a house with the rent (female in her 40s, single, with children) An increasing number of people have pointed out the disadvantage of paying the same amount as buying a house, depending on the amount of rent and the period of rent payment.
Except for cases such as “living in a cheap apartment or public housing” or “rent subsidized by your employer”, the total amount of rent you will pay in your lifetime will be quite high.
However, which one will end up costing you more depends on factors such as the amount of rent, the purchase price of your home, and the interest rate on your loan.
-8th Place: Beware of dirt and scratches-
・Because I do not own a house, there are various restrictions so that I do not damage the house (Male in his 30s, married, with children). ・Because it is always rented, you have to be careful about scratches and damage (Male in his 40s, single, no children)
If you damage the rental property with furniture, etc., you will be charged for repair costs when you move out.
Therefore, we have to live our lives while being careful not to damage it or make it dirty.
There may be times when you hesitate to buy large pieces of furniture. If you have a child who likes pranks and graffiti, you have to be especially careful.
As a result of conducting a questionnaire targeting 453 people who have decided to live in a rental apartment for the rest of their lives, many of them cited “lightness” and “cost advantages” as reasons for choosing rental housing.
For people who want to live in various places or want to move depending on their life stage, living in a rental property has great advantages.
It was also impressive that many respondents answered “disadvantages of owning a house” instead of “advantages of renting”.
You can see that there are many people who say, “The risk of owning a house is high, so I’m renting.”
However, leasing also has its drawbacks.
In particular, there are many people who are worried about their retirement because they will continue to pay rent for the rest of their lives and because it is difficult to conclude a contract when they are old.
If you decide to rent for the rest of your life, you’ll find that you need to be prepared to pay rent after retirement.
* All aggregated result data can be viewed from the following. URL: https://wakearipro.com/reason-for-choosing-to-rent/
About property purchase pro
Real estate information media operated by AlbaLink Co., Ltd. We are disseminating information on how to solve the problem of real estate that cannot be sold due to some kind of “wake” and how to operate it. Articles are written by experts, and the concept is to deliver highly reliable information in an easy-to-understand manner. We offer free consultations as well as direct purchases through our website. https://wakearipro.com/
About AlbaLink Inc.
AlbaLink is a real estate company that buys and resells inconvenient real estate based on the concept of “connecting the future through business.” We mainly handle properties with difficult rights such as damaged properties, co-ownership, vacant houses, leased land, etc., and help everyone who is worried about real estate problems. Company Profile
Company name: AlbaLink Co., Ltd.
Representative: Kenji Kawata, Representative Director
Location: 6F Reed Sea Monzen Nakacho Building, 2-11-18 Tomioka, Koto-ku, Tokyo 135-0047
Established: January 2011
Capital: 24 million yen
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