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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Possessing a
home
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has been becoming a more essential factor in
people
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's lives in some parts of the world and the tendency of renting a house is decreasing day after day. There are several reasons that can lead to
this
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trend including a sense of security and financial investment,
however
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, I tend to believe having a
home
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is a negative development for society in terms of the monetary pressure on
people
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and losing good job opportunities. There are some reasons for a growing desire to own a house.
To begin
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with,
people
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who are the owners of their properties might feel a sense of security and stability.
In other words
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, since landlords have more control over their houses they can establish a comfortable and stable living without any worry of rent payments.
Secondly
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, having a
home
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might be a profitable investment for homeowners in the long run. At present, the inflation rate has been soaring significantly, which might result in increasing the price of properties.
This
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,
consequently
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, might cause a pecuniary profit for the homeowners. I believe owning a house
instead
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of renting it is a negative trend.
Firstly
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, it puts a tremendous pecuniary burden on individuals' shoulders to spend all their budgets on buying homes. To illustrate,
this
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trend limits their financial flexibility and increases the risk of default. Taking my personal life as an example, 10 years ago when our
home
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was bought by my father, he was bankrupt
due to
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the heavy mortgages taken by him and we had to sell our
home
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at a lower price to save him.
Moreover
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, By purchasing a
home
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and settling in one neighbourhood,
people
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might lose better career options, which are far from their homes.
For instance
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, if
people
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opt for buying one apartment in a specific city and living the rest of their life in that place, the good job offers proposed to them in a different city would be declined by them. In conclusion, nowadays having a
home
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is a more crucial desire for many
people
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, which is a result of several factors
such
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as the feeling of stability and financial investment. In my opinion,
this
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desire is a negative situation because of the heavy monetary burden on
people
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to buy houses and decrease their career growth for them.
Submitted by parismasoumzadeh7495 on

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Word Count

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A very long essay will not give you a higher band score.

Aim for between 260 to 290 words in writing task 2. This will ensure a concise essay and will be realistic in terms of time management. You have only 40 minutes to write the essay and you need around 10 minutes of planning time, so you will not be able to write a long essay in 30 minutes.

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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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