In some countries, owning a home 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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People in some countries now consider owning a
home
Use synonyms
to be more important than renting one.
This
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essay will discuss the underlying reasons for
this
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preference and elaborate on why it is a negative development. There are two main reasons for people’s preference for
home
Use synonyms
ownership.
First
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, for some people, owning a house or an apartment means that they do not have to waste time on accommodation hunting when a rental contract expires.
Therefore
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, they can just focus on their career goals or other important things,
such
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as marriage.
Second
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, nowadays many people buy a
home
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with a mortgage, and so they know the exact amount of money they owe and
also
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the regular amount they have to pay.
This
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allows people to make a clear long-term financial plan for the future.
However
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,
this
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is not the case when they rent a
home
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because they are subject to changes in the rental price made by landlords. The trend that many people value
home
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ownership over rented accommodation is negative due to the following reasons. Most houses or apartments have low liquidity, which means they cannot be easily exchanged for cash.
As a result
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, people who are still redeeming their mortgages may not be able to spend money on other big investments.
In addition
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, while a tenant can easily terminate a rental contract and find a new place if they are not satisfied with their current accommodation, it is very difficult for
home
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owners to do the same.
In other words
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, once a person makes an unwise decision and buys a
home
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that they later regret, they are usually left with only two options: either make the
home
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available for rent or accept living in a place they are not happy with. In conclusion, people in some countries now prefer to buy their homes because they value stability that owning a
home
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provides and want to have clear future plans.
However
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, unless thorough considerations are made,
home
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owners may have to face undesirable outcomes from
such
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a decision.
Submitted by yoy317 on

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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:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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