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?

It is true that in some countries
people
tend to own a home
instead
of renting one. There are several reasons for
this
and it seems to me that the situation is largely negative. The reason why
people
prefer buying a
house
may involve the recognition that
people
who rent a
house
are constantly in fear of rent increases and eviction.
By contrast
, those who have owned a permanent place have the freedom to decorate a satisfactory
house
for themselves. They tend to feel safer because of the emotional comfort and the sense of belonging a
house
provides.
In addition
, homeownership is often regarded as a way to build wealth as
house
prices tend to be higher in the long term. In my perspective, it would be wrong to advocate buying a
house
. Buying a
house
often requires a huge amount of financial leverage which makes up nearly all of one’s monthly payments. In order to maintain a stable source of income,
people
will suffer from being overwhelmed, worry about losing their jobs and eventually lead to mental illness.
Besides
, if everyone pursues buying houses, the prices will go higher and higher, leading to the fact that there will be a group of
people
who will never be able to buy a
house
.
Therefore
, renting and buying are both viable options, and whether to buy a
house
should depend on one’s real financial situation and think twice. In conclusion,
while
the reason why
people
choose to buy a
house
is understandable, I believe everyone should think of their own situation and make the right decision.
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Essentional vocabulary list for IELTS Writing 7+

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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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