In come countires, 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 negetive situation?

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I hear people complaining all around the world that buying a
home
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is impossible these days and that owning a
place
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is crucial for them. As a nomad myself, I believe that having a
place
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to live gives a lot of positivity,
however
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,
this
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also
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brings some negative aspects to one's life. When turning thirty, all you can hear around is friends buying homes to create stability in their lives. Having a permanent
place
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means feeling more grounded, responsible and stable in life, which is like a well-deserved achievement. To illustrate
this
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, many Americans nowadays live in their parents' basement with no regular job or enriching activities
that
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apply
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make
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making
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it impossible to buy a
property
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due to
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the anxiety of the housing market and depressing isolation.
Therefore
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, everyone who is capable of owning a
property
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,
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creates a quality of life that others cannot or do not want to afford. Financial advisers debate whether it is more economically viable, in the short term, to live in an owned
property
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or keep renting. Taxes and banking systems in some countries are favourable for youth buying homes, which gives a similar financial burden as renting.
For instance
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, in Lithuania, it is calculated that getting a loan from a bank and buying a house is cheaper or as equal
as
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to
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monthly rent prices. There are more countries like Lithuania that support housing, but within years it is getting more complicated
due to
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inflation and global trends. Renting a
home
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,
on the other hand
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, gives more flexibility and releases from responsibility. As travelling is accessible and convenient, a transient lifestyle is getting increasingly popular. Taking me as an example, if I had a
home
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of my own in Lithuania, I would not be living in many countries and exploring different cultures. Renting a
place
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that is
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made for oneself is emotionally hard to give up, which is why sometimes it feels easier to invest in oneself rather than
property
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.
To conclude
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, I believe that having a permanent
home
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is a goal for everyone - it gives stability, a
place
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to raise a family and it releases
from
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apply
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the rent in an older age.
On the contrary
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, it does not support the youth spirit and might constrain one from discovering oneself and the world.

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task achievement
Ensure that all points are thoroughly developed, especially the counterarguments to buying a home, to present a balanced view.
coherence cohesion
Work on transitioning more smoothly between ideas to enhance the flow of the essay.
task achievement
The essay addresses both the positive and negative aspects of owning a home versus renting, showing a comprehensive understanding of the topic.
coherence cohesion
The introduction clearly presents the topic and highlights the main issues that will be discussed, setting a solid foundation for the essay.
task achievement
Relevant examples, such as the situation in Lithuania, effectively support the points made about housing market dynamics.
Topic Vocabulary:
  • symbol of success
  • financial stability
  • wise financial investment
  • wealth accumulation
  • safeguard against inflation
  • sense of security
  • permanence
  • generational wealth
  • mental health and well-being
  • stimulates economic growth
  • over-investment
  • mortgage default
  • foreclosure
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