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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Introduction

It is often opinionated that possessing a physical home is a primary matter for some folks in some regions to gain confidence and become their investment instruments. I believe that

this

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view is a positive development and

this

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essay will elaborate more on the issues.

Body · 1

To begin

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with, having an apartment gives confidence to its owner from an increasing rental cost due to inflation.

Moreover

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, the inflation rate has recently been skyrocketing to a new high every year, making rent fee increases unavoidable. If we calculate precisely, buying an apartment is financially beneficial in the longer term.

For example

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, an apartment in New York City worth $1 million in 1990 with a rental cost costs up to $10.000 a year. By 2020, it worth $10 million with the rent fee costs up to $1 million a year. By looking at

this

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case, if people decide to buy a house in 1990, it will prevent them from an increase in the rental cost.

Thus

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, owning a condo could avoid the owner from uncertain rent fee increases.

Body · 2

Secondly

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, a house could become an investment tool which will give a huge yield annually. Due to high demand and limited supply, property price increases consistently.

This

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phenomenon makes property a safe investment instrument.

In other words

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, a high profit makes people eager to buy a house

instead

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of renting it.

Conclusion

In conclusion, owning a home gives many benefits

such

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as confidence feeling and

also

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yields more profits.

Thus

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, because of its many positive sides, possessing a condo is a positive situation.

hpanduhimawan

Nov 8, 2022

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10
Linking words
meeting the goal of 7 or more
0
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

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Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 9.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

257 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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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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