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?

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Whether an individual should buy a
house
Use synonyms
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
Linking Words
preference for
homeownership
Suggestion
home ownership
can result in poor
investing
Suggestion
Investment
Investing
decisions. One compelling reason for buying a
house
Use synonyms
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
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, investing in housing markets could increase social mobility.
Also
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, purchasing a home brings a strong sense of security.
For instance
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, 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
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owing a
house
Use synonyms
sounds more safe and secure, it is not ideal for many people when it comes to financing.
For example
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, 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
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, the money spent on fixed assets
such
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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
Use synonyms
can be quite daunting because of its financing costs.
Submitted by Andy on

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To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

For we to consider an essay structure a great one, it should be looking like this:

  • 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

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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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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