The Importance of Home Ownership
IELTS Writing Task 2
Response: In certain nations, owning a home instead of renting is deemed a matter of significant importance for individuals. Were I to express my opinion, I would say the same is true in my country, mainly because of the drop in the value of our currency. Moreover, in my opinion, the need to allocate time for paying rent and the stress caused by monthly rental payment can be overwhelming, whereas homeowners do not face such issues.
To begin with, I must say in countries like mine, Islamic republic of Iran, the value of currency decreases every day, making it impossible to purchase high-priced assets like houses. As a result, if someone has a fixed amount of money, they might be able to purchase home with it this year; next year, however, they may not even be able to afford a car with the same amount. Thus, renting home is just a temporary cure, and after some years, paying rent will surely be impossible.
Furthermore, renting a house requires a monthly considerable amount of funds, which can sometimes be a quite high. Not only do you need to make sure that you pay it on time, but you also face the constant stress wondering whether you will make it or not. My mother, for instance, is a homeowner and she is used to save money monthly, and purchase gold to keep her savings value, and by the end of the year, convert the gold into a property. As a result, she has no stress about her wealth; my aunt, on the other hand, lives in a renting home, and always has anxiety thinking about the next month rental payment, and I cannot remember her being relaxed at all.
Therefore, it can be concluded that in certain countries, which the currency’s value lessen daily, renting home does not seem reasonable, and will merely add to existing concerns of life.