in some countries , owing 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 negetive situation

In today's world, housing issues have placed on top of
people
's lives. Some individuals buy a
house
and others only want to rent. If we could focus on some special societies, it would be obvious that
people
's tendency to purchase residences for themselves is high. The situation comes out of the economic disorder and it can be positive for those who had bought the
house
and negative impact on the economy, Harvard
Business
Review has indicated. On the one hand, buying a
house
could be assessed as a person who can be protected from inflation or getting under the bread line. First of all, the world faces inflation in housing
moreover
it is said that housing is most of our expenses one out of a third on average. Undeniably, statistics show that housing prices for a Canadian family dabbled during the
last
decade.
Thus
the owners get rich and they are protected from the extra costs and they only pay the loan that they have gotten for their residence.
Therefore
, it’s the positive side of
house
ownership
.
On the other hand
, studies show that housing has blocked half of the assets that could be used for manufacturing and national growth. HBR study shows that
house
ownership
can decrease productivity in their owners
thus
they might not into growing their businesses. In comparison, some who invest in
business
,
instead
of real estate, help more GDP growth and job growth. A great instance can be a comparison between a factory line and a
house
. With only one million dollars it is possible to create a furniture factory with an average 250k annual income and provide stable jobs for 7
people
but a
house
only makes 50k annually.
Therefore
,
house
ownership
reduces productivity. In conclusion,
while
house
ownership
protects
people
from economic problems in the long term,
business
investment could be highly efficient for the community. So, in my opinion, if it’s possible to invest in the
business
, might be better for the economy.
Submitted by aryanali808080 on

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task achievement
Fully address all parts of the task by ensuring a more balanced discussion between why home ownership may be important and whether it's a positive or negative situation.
task achievement
Use the conclusion to clearly summarize the key points made in the essay and directly answer the question posed about whether home ownership is positive or negative.
task achievement
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Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • sense of security
  • financial investment
  • transient
  • appreciates
  • 'wasted' expense
  • cultural and societal norms
  • symbol of success
  • milestone
  • adulthood
  • control and freedom
  • modifications
  • landlord restrictions
  • generational wealth
  • inheritance
  • financial planning
  • community stability
  • value appreciation
  • financial strain
  • property maintenance
  • economic sectors
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