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Richtor Posted 3 years ago
Essay & Composition Writing

Please help me review my essay.

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?


One has to achieve numerous milestones in a lifetime, one of which is buying a house - more or less perceived as the most prominent feat. Engenders behind this perception, including both intangible and tangible values, will be delved into in this disquisition, along with my evaluation of the impacts of this occurrence.

The reason why many people place the practice of owning their own property on a pedestal, higher than renting, can be rationalised into a sense of stability and investment. What homeownership can provide its owner is control over multiple aspects, from maintenance to better financial management; these are utterly absent in renting. As a result, homeowners get a sense of stability against adverse events, such as inflations, rising rentals, and relocation. A property, on the other hand, is an excellent investment, which is particularly true in urban centres with high levels of population density. Extensively enormous migration flows from rural areas to metropolises in search of jobs and better living standards has been driving real estate prices skywards; this opens up lifetime opportunities for many to significantly change their life. Hence, even if needed to apply for a loan, many still prioritise purchasing a home above leasing.

The question of whether this belief is positive or negative is entirely subjective. A property is an asset if the owner has enough financial power, offering him an array of benefits from monthly passive income from rental to a marginal return of investment in future sales. This is why the majority of investors consider real estate as the safest and most potential channel, dividing an eminent portion of their portfolios on this sector. On the contrary, an apartment can be a burden for young adults and middle-class families; in a study, it takes an average young American around 6.5 years only to save for a 20 per cent mortgage down payment, and a portion of 30% to 60% from monthly wages in another 20 to 25 years to repay the loan/the remaining instalments. In this case, equity turns into a liability rather than an asset, possibly stressing and deteriorating the life quality of borrowers over an extended period.

In conclusion, it is undeniable that the benefits of owning a house have promoted its importance and favoured it over renting; however, I personally think positive or negative impacts of ownership are conditioned to aspects of wages, expenses and personal capability.

  

Top answer

You wrote almost 400 words. The minimum is 250. You will not lose points for writing more; however, longer essays generally do not get high band scores.

  • You wrote almost 400 words.
  • The minimum is 250.
  • You will not lose points for writing more; however, longer essays generally do not get high band scores.
  • And there are many reasons for this.
  • First, the longer the essay, the more chances you have to make errors, and you will lose points for each of those errors.
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2 Answers
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You wrote almost 400 words. The minimum is 250. You will not lose points for writing more; however, longer essays generally do not get high band scores. And there are many reasons for this.

First, the longer the essay, the more chances you have to make errors, and you will lose points for each of those errors.

Second, your writing may be repetitious and wordy. This will cost you po

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One has to achieve certain numerous milestones in a lifetime, one of which is buying a house - more or less perceived as the most prominent (not a good word here.) feat. (That is not a natural word here. A feat is something nearly mirac

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