The Importance of Home Ownership
IELTS Writing Task 2
Response: In many nations, having your own home instead of renting one is considered to be vital. There are plenty of factors that contribute to this matter. In this essay, I wil explore some of these reasons and explain why I believe this can be a negative situation.
To begin with, a vast majority of people in certain countries intend to have their own home, as it is not only a reliable way of investment, but also leads to more convenient living. While the value of various possessions such as gold or bitcoin flactuate by passing time, the real estate trend usually increases over time, making it a decent way of long-term investment. Moreover, a large number of people find the moving process both mentally exhausting and physically demanding. For example, if a household wishes to move to another home, they must dedicate at least two weeks to get it done. Also, it is said by many individuals that a large portion of their income is spent on rent. For this reason, they wish they lived in their own homes.
Despite having various benefits, I believe it could result in negative situation, as it can put heavy pressure on people, particularly the youth, if they wish to get married. To illustrate, for a long time, people in certain countries including mine, Iran, have had a strong expectation of men to own a home before proposing a girl. However, I think having an expectation for the young to purchase their own home, in spite of economic challenges and inflation, is not realistic.
In conclusion, the preference to owning a home rather than renting one has several reasons such as investing on real estate. However, while home ownership is benificial, it can lead to some negative situations.