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

In some countries, owning a home rather than renting one is very important for people. Why might be the case? Do you think this is a positive or negative situation?
IELTS Writing Task Chart for In some countries, owning a home rather than renting one is very important for people. Why might be the case? Do you think this is a positive or negative situation?
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It is true that for the population of a few regions, the main life goal is to live in their own house
instead
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of in a leased
one
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. There are several reasons why they aim for
this
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, and in my opinion, there are both positive and negative effects. In some countries, many
people
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believe that having their own home is better than renting
one
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, and
this
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has both economic and cultural arguments .
Firstly
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, a monthly loan repayment is a greater option than a rental fee; they see the money spent as an investment rather than an expense.
Secondly
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, for numerous citizens,
this
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is almost a life philosophy which has a cultural and social background.
For example
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, some traditional families have the rule of buying a house as an inheritance for the next generation. On the
one
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hand, these developments can be quite positive. There is ample evidence that suggests
this
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option brings
people
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emotional security to the
people
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.
This
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is because they find it stressful to have to find a new place to live from time to time.
Moreover
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, they see as a key aspect the possibility of deciding on the appearance of the house,
for instance
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, landscaping, appliances and remodelling.
On the other hand
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, it is well known that
this
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behaviour can have a negative impact on the economy of the state and the personal finances of the population. Since the real estate business is a key component of the capitalist model, if most
people
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chose to buy houses, the market would be dramatically affected.
In addition
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, the interest rates of property loans are quite high, so
this
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could be a financial problem for
people
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’s household spending in the long term. In conclusion, there are many factors which explain the desire of
people
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in some nations to own a home
instead
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of renting
one
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.
However
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, I believe that not all of the outcomes of
this
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ideology are positive.

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