In some countries, owning a house 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?

The members of certain areas claim that being a houseowner can bring more benefits than being a tenant. The following essay will first suggest that the biggest reasons for
this
assumption are the stability and the potential for long-term investments, and
then
demonstrate that
this
is a negative trend since it exacerbates the financial strain and owners are unable to withdraw the expenses if they intend to vacate. The foremost reasons for the significance of homeownership are that it can provide a high level of security and generate opportunities for purchasers to earn an extra source of income.
Firstly
, as the public can avoid accommodation hunting when a rental contract expires, they can focus on other important decisions
such
as career goals or marriage, which altogether boosts their living standard.
Secondly
, the settlement of the mortgage empowers buyers to rent out a portion of their property, so they are likely to compensate for the paid expenses and earn additional income.
For instance
, in 2020, many landlords in urban centres decided to refurnish their rooms as homestays for rent and
this
has brought them large sums of money.
However
, the trend that many individuals value the possession of a residence over rented accommodation is negative
due to
its contribution to financial issues and the freedom of relocation. If unexpected difficulties, namely job loss or a decrease in wage, arise, it can be overwhelming to balance between redeeming property taxes and covering utility bills, which raises concerns about eviction or stress.
Furthermore
,
while
tenants can easily terminate a rental contract and find a new place if they are not satisfied with their current accommodation, it is very difficult for homeowners to do the same. A clear example can be seen with Indonesian citizens who relocate to a region without knowing the existence of a nearby active mountain.
Therefore
, they either have two options: either make their residence available for a cheap rent or accept living in fear. In conclusion, I believe that purchasers in some countries now prefer to buy their homes because they seek stability and a way to make a profit.
Nevertheless
, unless thorough considerations are made, homeowners may face undesirable outcomes
as a result
.
Submitted by banhbao0565 on

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task achievement
Your essay demonstrates a clear understanding of the task and addresses both parts of the question effectively. However, make sure to go a bit deeper into the negative aspects of homeownership and how this situation prevails across different socio-economic classes. Expanding on this will give you a more comprehensive argument.
coherence cohesion
Your ideas are well-organized and linked effectively, making the essay easy to follow. However, try to use a wider range of linking phrases to connect your points and make the transitions between points smoother.
coherence cohesion
You have a clear and concise introduction and conclusion, which frame your essay very well.
task achievement
Your main points are well-supported with relevant examples, making your argument strong.

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Topic Vocabulary:
  • homeownership
  • financial security
  • property appreciation
  • equity
  • mortgage
  • real estate
  • tax incentives
  • fixed asset
  • inheritance
  • economic mobility
  • housing market
  • maintenance
  • upfront costs
  • long-term investment
  • personal space
  • housing bubble
  • rental market
  • housing crisis
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