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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In recent years, a number of
people
Use synonyms
around the world have been inclined to own houses rather than rent.
This
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phenomenon is caused by a few particular reasons. In
this
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essay, I will elaborate on the specific culprits and my own view. For some
people
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, having a
house
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is one of their significant life goals. It happens globally nowadays and some countries regard houses as high-value investment resources that bring fortune in the future. Chinese,
for instance
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, are well-known for purchasing real estate not only domestically but
also
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in other countries as a financial investment tool. Added to
this
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, it is undeniable that
people
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can find a sense of psychological stability by owning a home, as they do not need to hire housing after finishing their rent contract. In some cases, it is a daunting task to rent their housing,
for example
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, the fluctuation of the price of a lack of housing supply. From my perspective, having a
house
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affects
people
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in a negative way. First of all, it can suffer from financial strains. It is particularly if homeowners have a mortgage to buy a
house
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that is
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inexpensive. If
people
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are unable to keep up with these interests, they may experience financial strain, which can lead to stress, debt, and even foreclosure. It is exemplified by the financial crisis that took place in the USA in 2008 triggered by subprime mortgages.
Secondly
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, owning a
house
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can
also
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lead to economic inequality.
In other words
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, homeownership is a key way for individuals to accumulate wealth, as homes generally appreciate value over time.
This
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means that those who own homes are likely to have more wealth than those who do not, which can lead to a huge gap regarding economic inequality.
This
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is what happens in the present time in different parts of nations
such
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as India, and the Philippines where inappropriate social inequal is drawn by property issues. In conclusion,
people
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in some countries have a tendency to own their properties as an invaluable investment resource and a way of psychological stability.
However
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, I believe that possessing a
house
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affects
people
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negatively with financial strains and economic inequality.
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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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