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?

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In most nations, the public prefers buying a property
instead
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of paying lease fees to the landlord.
This
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essay will expound on the reasons for the phenomenon and state my views on why it is more beneficial.
To begin
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with, residence ownership is seen as a symbol of stability and security.
In other words
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, it is a way for people to put down roots in the community and represents a long-term asset.
For example
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, most Chinese families own flats because they can provide a comfortable living situation for their children in the future. If the accommodation is rented from other parties, they would not have a sense of permanence.
Moreover
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, purchasing a flat can offer financial benefits.
Besides
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the chance of value appreciation, it can be re-mortgaged to the bank when the owner requires extra funds.
As a result
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, residents in well-developed countries like Canada tend to own a house
due to
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the uptrend in property prices. In my opinion, it is advantageous to own a flat because of the ability for better retirement planning.
For instance
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, in Hong Kong, it is more difficult for the elderly to rent a flat because lack of salary proof.
Therefore
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, having an everlasting place for home is important before a career departure.
Additionally
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, the high cost of living may lead to a continuous upsurge in rental charges. Analysts in Hong Kong predict the rent will have a 5% increase on average in coming years, which will cause tenants to spend more in the long term.
Thus
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, it is more worthy to own a property. In conclusion, the decision of renting versus buying a home is a significant consideration for people. Having a self-own accommodation enables financial flexibility, and
also
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provides a comfort zone to individuals after their retirement.
Hence
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, it is outweighed by renting a flat.
Submitted by leephilip933 on

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task achievement
While the essay presents clear arguments for why owning a home is seen as important, it can benefit from more elaboration on why renting might be preferred in some scenarios. This would show a balanced view of the topic and enhance the task achievement score.
coherence and cohesion
Transitions between paragraphs and within paragraphs can be smoother. For example, using connecting words or phrases like 'Furthermore,' 'Additionally,' or 'However,' will improve the flow of ideas.
coherence and cohesion
Ensure all points are logically sequenced. For example, the financial benefits of home ownership should be clearly distinguished from the emotional or social benefits to create a stronger structure.
coherence and cohesion
The essay's introduction effectively presents the topic and outlines what will be discussed, providing a clear framework for the reader.
task achievement
Good use of specific examples, like the situation in China and Hong Kong, which help illustrate the points made and make the argument more convincing.
task achievement
Strong concluding statement that succinctly wraps up the main arguments and reinforces the writer's stance.
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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