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 development?

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It is believed that purchasing a new home is better than renting one.
People
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think it will be much safer if they just buy a
house
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instead
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of paying for it every month.
This
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decision will lead to the negative development for
people
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. Analyzing the financial risks for homeholders,
as well as
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the limitations for mobility of
house
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owners will prove
this
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.
Firstly
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, despite the absence of monthly fees, owning a home can lead to problems with mortgages for owners who have it.
Also
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, the economic fluctuations in the real estate economy increase the financial risks if property values decline.
For example
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, every ten years there is a housing crisis in some countries, and individuals who own their real estate can lose a great amount of their money because of
this
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.
Therefore
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, it is not rational to buy a
house
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at the full price,
instead
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of renting it.
Secondly
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,
people
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who buy accommodation for living will face limitations of mobility.
For instance
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, a person who pays only for the rent can live in any place,
while
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an individual who bought a
house
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in the past is tied to the same location.
Moreover
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, a person most likely will be going to the same job with the same salary because it is near the dwelling and it will limit his or her opportunities.
Thus
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,
this
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becomes apparent that renting a
house
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is more appropriate, rather than purchasing it. In conclusion, the belief that owning an accommodation is important may overlook potential downsides.
This
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decision will lead to the negative development for
people
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.
Therefore
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,
it is clear that
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the idea of renting a home is the right decision.

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Task Achievement
To improve your score in Task Achievement, make sure to fully address both components of the prompt. You were expected to discuss why home ownership might be important to people as well as give your opinion on whether it's a positive or negative development. Ensure that you provide a balanced discussion covering both aspects.
Coherence and Cohesion
For Coherence and Cohesion, your essay should have a logical progression of ideas. Use clear paragraphing and vary your linking words to guide the reader through your argument. Your introduction and conclusion need to be clear and effectively paraphrase the prompt to orient the reader.

Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

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Topic Vocabulary:
  • Homeownership
  • Property ladder
  • Real estate
  • Mortgage
  • Equity
  • Inflation hedge
  • Stability
  • Long-term investment
  • Asset
  • Liability
  • Housing market
  • Tenure
  • Down payment
  • Property taxes
  • Maintenance costs
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