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?

In some nations, people argue that leasing a home is less crucial than acquiring it. Owning an accommodation in some countries could escalate the quality of individual social hierarchy to the extent of the prestigious honour.
Additionally
possessing a residence in some regions is acknowledged as a property investment. I firmly believe
this
case has led to a forward-looking condition. Social hierarchy in some countries is considered a particular achievement, especially for those who live in third-world countries,
whereas
owning a condominium possesses a compelling aspect to achieve that strata. In
this
modern era, acquiring a domicile is quite impossible as the price of land is increasing.
As a result
of the increase in inflation throughout the decades is another hindrance to buying a property.
For instance
, a single abode located in the city's centre cost around 500 million taka in 1990.
On the other hand
, two decades later it increased tenfold.
Therefore
, acquiring a condo is one of the ways to establish a status. Owning a building needs extraneous efforts,
hence
, within
this
situation, it leads to a positive development for the environment. That implies, owning a mansion is an achievement towards a dedicated person. If a person is strongly dedicated to earning enough money to buy accommodation, he can do
this
. It helps him to build confidence. There are several examples of slums that earned a lot of money and owned an address.
For example
, Kadir Molla, a renowned businessman in Bangladesh, earned a lot of money by dedicating himself to work. His target was to build a quarter for his family. Though he was from a homeless family,
finally
he reached the pinnacle because of the hard work. In conclusion, the importance of acquiring a house has led to a favourable situation. Some of the arguments on why owning a home is better than leasing is the existence of social hierarchy and homes as investment assets.
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task achievement
Ensure that your essay has a clear introduction, body paragraphs, and conclusion. The introduction should set the context and state your position on the topic. The body paragraphs should contain one main idea each, supported by relevant examples or explanations. Conclude by summarising your key points and restating your position.
coherence cohesion
Make sure there is a logical flow of ideas throughout your essay. Use appropriate linking words to help the reader follow your argument. Each paragraph should have a clear topic sentence. The ideas should be sequenced logically with clear progression throughout.
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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