In Some Countries Owning a Home

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?

This essay question is from Cambridge IELTS 15 Test 1 Writing Task 2.

Sample Essay

In some nations, people think it is very important to be a homeowner rather than a renter. I believe the primary cause of this phenomenon is that becoming a homeowner changes how a person’s financial status is evaluated by others. However, it should be seen as a negative situation for homeowners since they may become less happy as a result of mortgage loans.

Owning a home means higher perceived financial status. Nowadays, house prices are extremely high, which means a home is not something someone in the lower middle class or working class can afford to buy. That is to say,  if a person owns a home, others will think that this person has a high-paying job and is doing very well financially. For example, in China, many women will only consider marrying men who own their own homes because they think these men have enough money to provide a comfortable family life.

However, I think purchasing a house or an apartment can make a person less happy. Many people have borrowed hundreds of thousands of dollars from their bank to buy a home. After paying their mortgage every month, they may not have much money left to spend on activities they enjoy, such as visiting another city and dining in a nice restaurant.

In conclusion, the main reason why home ownership is important for people in some countries is that these people think it can increase their perceived financial standing. Nevertheless, it can lead to a decrease in happiness and as a result is a negative situation for them.

260 Words

How to Paraphrase Keywords

Owning a home
  • Home ownership
  • Homeowners
  • Buying/Purchasing a house or an apartment
Renting a home
  • Renter

3 CommentsLeave A Comment

  1. Dear Lilie,
    Hope you are doing well.

    In the last sentence, why do not you use a comma in the sentence “… and as a result …..”?

    Thank you for your help in advance.

    Sincerely,
    Masoud

    1. Hi Masoud, if you want to use commas, you need to use two: and, as a result, is a negative …

  2. in a few nations, it is crucial for individuals to purchase a house instead of renting.
    this is because in the long run, people realise that purchasing a home is more cost effective . in some countries, rent is paid others pay rent yearly monthly.
    however, I believe that this is a positive outlook to the housing crisis that has plagued societies because it takes away the burden of thinking about monthly rent. also, buyers are free to remodel the houses to their respective tastes. this option is not usually made available to them by their landlords if renting were to be the case.

    furthermore , real estate is widely recognised as a industry that does not depreciate and so, buyers can sell their house after a number of years at a much higher value of money. homeowners can also decide to lease out parts of their houses to other tenants in order to recoup the money spent on purchasing their homes.

    in conclusion, the positive side outweighs the negative sides of becoming a homeowner and it cannot be overemphasized that purchasing a home is more profitable than renting.

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