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?

Owning a
home
rather than renting one has been a vogue nowadays in some countries.
This
essay will discuss possible reasons and make comments on their positive and negative effects. In my opinion,
this
phenomenon should be mainly attributed to the desire for private assets among
people
. Generally, as in a free market economy,
people
are willing to make and preserve more
money
than before,
hence
, it is an optimal idea to use the
money
for investments. For ordinary
people
, there are few effective ways for investments except for stock markets, bonds and real estate. Under these circumstances,
people
can spend
money
to buy real estate which can generate two or three times of income within a few decades. Compared with owning a
home
, renting a
house
only could probably cost less
money
.
However
, after decades, the individual who only rents will have no assets but just use the
money
for expenses or rent. It may be true that having a
house
is a better choice
,
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apply
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because an owned
home
can bring a lot of financial and social benefits.
However
, there are
also
some demerits which should be focused on. One
such
negative situation is that
people
will have more pressure if they buy a
house
.
To begin
with, a majority of
people
will choose debts to help them purchase a
house
. What they will face is a large number of long-term debts that
last
for decades. In
this
situation,
people
should feel more depressed because they have to work more carefully, and once they lose their jobs, they will have no ability to pay back the debts which will go bankrupt. Overall, it is the financial function of assets that makes
people
want to have a
home
.
Although
it can make
people
get wealthy, there are
also
pressures that can not be avoidable for owning a
home
.
Submitted by m26172168 on

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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
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    • Sentence 1 - Topic sentence
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Essentional vocabulary list for IELTS Writing 7+

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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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