Owning A Home Rather Than Renting One Is Very Important For People

IELTS Writing Task 2 with sample answer.

You should spend about 40 minutes on this task.

Write at least 250 words.

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?

Sample Answer:

It is a widely accepted truth that in many countries, owning a home is seen as more important than renting one. This is typically the result of a range of factors such as people’s cultural values, social norms and economic considerations. This essay will discuss why this is the case and how this situation can be both positive and negative.

The most commonly cited reason for people wanting to own their own homes is the sense of security and stability that comes with it. People may feel safer and more secure in their own homes and this feeling can be further enhanced if the home is owned rather than rented. In addition, owning a home often has strong cultural and social connotations. For example, it has been seen in some countries that owning a home is a symbol of success and a source of pride for the owner’s family.

The economic benefits of owning a home are also a major factor in why people prefer to purchase rather than rent. When people buy a home, they can use the mortgage payments to pay for the property and build up equity in the long term. This can be a significant source of financial security for the homeowner and their family. Furthermore, in some countries, there are tax benefits to owning a home, which can make it a more attractive proposition.

On the other hand, the focus on owning a home can also have negative consequences. For example, it can lead to an increase in house prices, making it difficult for people to afford to buy. This can lead to an increase in the number of people who are forced to rent, which can have a negative impact on their quality of life. In addition, there is also the risk that people may take on too much debt when buying a home, leading to financial problems in the future.

Overall, it is clear that in some countries, owning a home is seen as more important than renting one. This is primarily due to the sense of security, cultural values and economic benefits that come with owning a home. However, this focus on ownership can also have negative implications, such as an increase in house prices and an increase in debt.