In some countries owning a home rather than renting one is considered very important. Why might this be the case? Is this a positive or negative development?

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Home ownership
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Homeownership
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and property rights have been one of the most important pillars of
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market-oriented
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market oriented
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market-oriented
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economies globally. For the average
person
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, owning a home requires decades worth of loan repayments or savings.
On the other hand
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, renting does not require taking
such
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high duration
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high-duration
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commitments. Household formation is a key driver of stable economic growth and wealth creation. Governments encourage it, through public policies as it leads to family formation and a stable society. It
also
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provides
much needed
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much-needed
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psychological stability, as there is always going to be a
house
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to live in. Taking ownership of a
house
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,
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ultimately
utimately
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ultimately
frees up a lot of discretionary spending for the average consumer, which is very good for economic growth.
On the other hand
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, owning a
house
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entails a
long term
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long-term
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commitment
towards
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to
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a
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specific
specifc
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specific
area. If jobs remain plentiful,
then
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the repayment for the
house
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does not become an issue. It will
however
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restrict any
person
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to pursue greener pastures elsewhere. In that scenario, it is important for the
person
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to be able to
rent
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the
house
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and get a good rental yield out of it.
Otherwise
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, he or she will have to shift to another
house
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in another area and
rent
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while paying the loan on a pre-existing
house
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. Renting,
on the other
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hand
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,hand
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provides a lot of mobility at the cost of outgoing
rent
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which could have been invested over the years, to gain ownership of a
house
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. Typically, when professionals are in the early stage of their
career
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careers
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, they like to
rent
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.
This
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provides them mobility while building up their savings towards eventually owning a
house
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. These excess savings can
also
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be utilized to get a better return through financial instruments compared to rental yields. The ability to own and
rent
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a
house
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are both equally important. If everyone owns a
house
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there will be
no-one
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no one
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to
rent
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to and vice versa. Renting and owning a
house
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are activities that happen during different stages of life for any
person
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. Giving undue importance
towards
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to
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owning a
house
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, can lead to people making commitments to buy a
house
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,
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apply
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before they are ready. It can
also
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push up housing prices for everyone and create economic bubbles.
Submitted by rohit.pandeyecon 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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