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

It is a common view in many nations that it is much better to own a house rather than to rent one. In
this
essay, I will look into
this
matter and will share why I think that
this
is a positive tendency.
Firstly
, it is difficult to argue that historically owning real estate was a demonstration of one’s wealth and prosperity,
thus
establishing sustainable authority among the aristocratic community. An outstanding example of
this
is the number of castles within Europe. Another reason why people believe in
that is
the basic homo sapience evolution. It has been proven by
the
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anthropologists and behavioural psychology that having a shelter is a fundamental need for our species. Having said that, there are some substantial grounds why I believe that an urge to have a home is a positive development. Renting an apartment or a house legally binds a client to make monthly payments,
therefore
, contributing to the stressful feeling of owing something every month.
Such
feelings can affect our emotional stability. Another good reason is that being a master of some property is a perfect alternative plan for financial stability.
For example
, during the economic crisis, a huge amount of
population
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the population
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can lose their employment contracts,
thus
losing the ability to earn money for rent, pushing them to lead a homeless life on the streets. In conclusion, in my opinion, the main reasons why many nations choose to have property is that it contributes to the authority and builds an image of a wealthy individual,
as well as
it
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promotes a psychological feeling of security. I
also
think that it has some positive effects by eliminating the stress of rental payments and
gives
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giving
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substantial financial cushion during hard times.
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task response
Task Response: The essay addresses the prompt and provides reasons for the importance of owning a home. However, it could benefit from providing a more balanced view by addressing potential drawbacks of owning a home. Also, the conclusion could be more expansive and provide a stronger summary of the main points.
coherence and cohesion
Coherence and Cohesion: The essay generally follows a logical structure with an introduction, body paragraphs, and a conclusion. However, there are some instances where the connection between ideas is not clear and some points are underdeveloped. To improve, the writer should focus on organizing ideas more coherently and linking them with appropriate transitions. Additionally, providing more specific examples to support the main points would strengthen the coherence and cohesion of the essay.
Topic Vocabulary:
  • Homeownership
  • Property ladder
  • Real estate
  • Mortgage
  • Equity
  • Inflation hedge
  • Stability
  • Long-term investment
  • Asset
  • Liability
  • Housing market
  • Tenure
  • Down payment
  • Property taxes
  • Maintenance costs
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