In some countries, owing a house rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?

#countries #house #people #be #case #situation

Whether an individual should buy a

house

or lease an apartment is one of the most burning questions

among

Suggestion

Among

millennials. Owning a home is of utmost importance because a homeowner can acquire a better

socio-economic

involving social as well as economic factors

socioeconomic

status. From my perspective,

this

preference for

homeownership

Suggestion

home ownership

can result in poor

investing

Suggestion

Investment

Investing

decisions. One compelling reason for buying a

house

is that it signifies the high social status of the homeowners. The larger the estate they own, the higher their net worth and credit ratings.

Thus

, investing in housing markets could increase social mobility.

Also

, purchasing a home brings a strong sense of security.

For instance

, unlike tenants, homeowners do not have to worry about eviction by landlords or terms and conditions of leasing. On top of that, the sentimental value associated with ownership is a deciding factor. It is human nature to claim ownership and want to be free to design their sweet home in the way their hearts desire.

Although

owing a

house

sounds more safe and secure, it is not ideal for many people when it comes to financing.

For example

, people who frequently change their work locations tend to avoid settling down in one place because the hidden costs of selling and moving

houses

Suggestion

house

can be substantial.

Also

, the money spent on fixed assets

such

as property could be better invested in other profitable projects, creating an opportunity cost. For people living on tight budgets, paying

mortgage

Suggestion

mortgages

and interests on bank loans can be stressful. In conclusion, the idea of

homeownership

Suggestion

home ownership

might be attractive because of social status and the feeling of having a place to call your own. In reality, owning a

house

can be quite daunting because of its financing costs.

Submitted by Andy on Sat Aug 15 2020

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Paragraph 1 - Introduction

Sentence 1 - Background statement
Sentence 2 - Detailed background statement
Sentence 3 - Thesis
Sentence 4 - Outline sentence

Paragraph 2 - First supporting paragraph

Sentence 1 - Topic sentence
Sentence 2 - Example
Sentence 3 - Discussion
Sentence 4 - Conclusion

Paragraph 3 - Second supporting paragraph

Sentence 1 - Topic sentence
Sentence 2 - Example
Sentence 3 - Discussion
Sentence 4 - Conclusion

Paragraph 4 - Conclusion

Sentence 1 - Summary
Sentence 2 - Restatement of thesis
Sentence 3 - Prediction or recommendation

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7Linking words
meeting the goal of 7 or more
1Word repetition
meeting the goal of 3 or fewer
7Grammar mistakes
 

6 paragraphs

283 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 4.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 5.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 5.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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Topic Vocabulary:

homeownership
financial security
property appreciation
equity
mortgage
real estate
tax incentives
fixed asset
inheritance
economic mobility
housing market
maintenance
upfront costs
long-term investment
personal space
housing bubble
rental market
housing crisis

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In some countries, owing a house rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?

Fully explain your ideas

Essentional vocabulary list for IELTS Writing 7+

In today's world many people own a smartphone. Do you think the advantages of owning a smartphone outweigh the disadvantages?

Some employers involve employees in the decision-making process of products and services. What are the advantages and disadvantages?

Some people think that good health is very important to every person, so medical services should not be run by profit-making companies. Do the advantages of private health care outweigh the disadvantages?

Million of dollars are spent on space research every year. Some people argue that the money should be spent on improving living standards on Earth. Do you agree or disagree?