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?

#countries #home #people #be #case #situation

In many countries, the significance of home ownership is highly appreciated.

This

is because possessing a

house

can bring

owners

a sense of tranquillity and safety. From my perspective,

however

this

phenomenon has detrimental effects on individuals who pursue

this

purpose. Many

people

think that houses are costly assets nowadays. With prices rising rapidly each year, having

this

real estate can offer

owners

a plentiful financial resource.

Therefore

, they can leverage

this

cash flow to diversify their investment portfolios and attempt to achieve financial freedom later.

This

approach will reduce the potential risk of layoffs, leading them to a state of economic security.

For example

people

who own a

house

to rent in the central location of Ho Chi Minh City, Vietnam, can earn more than 15 million VND per month without going to work.

This

rental income can offer a comfortable life in

this

modern city.

In addition

, owning a

house

early can bring out a sensation of tranquillity in mind, motivating

owners

to develop and focus on themselves.

Nonetheless

, serious problems can arise when prioritizing

this

target.

Firstly

, the intent to own a

house

requires a significant fortune.

This

means that

people

with

this

goal need to make long-term loans with high interest rates from financial institutions,

such

as traditional banks or consumer finance companies.

Although

this

strategy can offer borrowers a

house

almost instantly, stress and weariness can emerge when dealing with monthly interest payments, negatively impacting their mental health and well-being.

For instance

, recently, the number of young individuals suffering from sleep disorders and depression after purchasing a new

house

significantly increased in Vietnam because of great expenses, including living costs and loan payments each month.

Furthermore

, their life experience can be narrowed as they cannot comfortably spend on other services,

such

as travel or online courses, to enrich their lives. In conclusion, owning a

house

can help

owners

head towards financial independence because of the high profit of

this

asset and bring them a sensation of peace in their spirits. Having said that, I believe that

this

trend is negative as individuals must experience a feeling of anxiety

due to

the monthly loan payments required to purchase a home, alleviating the quality of life satisfaction. In my opinion,

people

should accumulate money to explore the world before buying a new home.

Submitted by Mads on Thu Nov 07 2024

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task achievement

Ensure all ideas are fully developed to maintain clarity and depth.

coherence cohesion

Maintain a consistent and clear logical flow to enhance understanding.

task achievement

The essay effectively addresses the task by providing a comprehensive analysis of the reasons for home ownership and its impacts.

coherence cohesion

The introduction and conclusion effectively frame the argument, providing a clear beginning and ending.

task achievement

The essay presents relevant and specific examples, such as the renting scenario in Ho Chi Minh City, to support main points.

Word Count

IELTS says that you should write a minimum of 250 words in writing task 2. If you go under word count you will lose marks in task response.

A very long essay will not give you a higher band score.

Aim for between 260 to 290 words in writing task 2. This will ensure a concise essay and will be realistic in terms of time management. You have only 40 minutes to write the essay and you need around 10 minutes of planning time, so you will not be able to write a long essay in 30 minutes.

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12Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

4 paragraphs

386 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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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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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?

Word Count

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Some people think that social networking sites have a huge negative impact on both individuals and society. To whtat extent do you agree or disagree?

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