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?
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
Since a link between the 2008 financial crisis and the price bubble in the American housing industry back then had been clearly established, the obssession over house ownership was called into question. However, in lots of places around the world, the debate is still in place.
The large demand for home ownership in some countries is brought about by several factors. Central to these is rental prices. As especially remarkable in cosmopolitan cities, like New York, for instance, the cost of renting can be cripplingly unaffordable. Considering the accompanying stress along with which it comes, this drives people to seek refugee in home ownership.
Furthermore, a cultural factor seems to play a great role, at least in some cases. For example, one's own property appears to be an integral part of the stereotypical image of the so-called American Dream. As counterintuitive as it might sound, behavior economics predict that not so much pre-contemplated aspirations like these can be a main motive force in the housing market, whose prices commensurately adjust.
However, other countries' experiences, especially that of Switzerland, prove that higher reliance on renting can in fact bring more benefits. For once, dispensing with a single place of residence allows for higher job flexibility. This leads, in turn, to a more competitive work environment, which is a healthy economic parameter. Moreover, when other inconspicuous but significant costs, like home insurance, is taken into consideration, the marginal advantage of ownership is hardly maintained.
Still, to propose renting as a viable alternative needs a lot to be done from the state side. For example, an active intervention should always be done to prevent artificial demand-driven prices from being practice. Also, schemes for long-term renting contracts should be encouraged, along with policies to protect the consumers in case of disputes.
To sum up, even though the prevalent urge towards home ownership is fairly explicable by economic and cultural concepts, the assumptions on which they are based are mostly unwarranted. Personally, I think that adopting the already-trialled experience of more extensive renting would prove handy to many countries if only the cultural misconceptions were dropped.
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Transition Words or Phrases used:
also, but, furthermore, however, if, moreover, so, still, then, at least, for example, for instance, i think, in fact, in some cases, to sum up
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 19.0 13.1623246493 144% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 3.0 10.4138276553 29% => More conjunction wanted.
Relative clauses : 9.0 7.30460921844 123% => OK
Pronoun: 12.0 24.0651302605 50% => OK
Preposition: 53.0 41.998997996 126% => OK
Nominalization: 9.0 8.3376753507 108% => OK
Performance on vocabulary words:
No of characters: 1944.0 1615.20841683 120% => OK
No of words: 351.0 315.596192385 111% => OK
Chars per words: 5.53846153846 5.12529762239 108% => OK
Fourth root words length: 4.32839392791 4.20363070211 103% => OK
Word Length SD: 3.1711078302 2.80592935109 113% => OK
Unique words: 226.0 176.041082164 128% => OK
Unique words percentage: 0.643874643875 0.561755894193 115% => OK
syllable_count: 609.3 506.74238477 120% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Article: 8.0 2.52805611222 316% => Less articles wanted as sentence beginning.
Subordination: 5.0 2.10420841683 238% => Less adverbial clause wanted.
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 11.0 4.76152304609 231% => Less preposition wanted as sentence beginnings.
Performance on sentences:
How many sentences: 18.0 16.0721442886 112% => OK
Sentence length: 19.0 20.2975951904 94% => OK
Sentence length SD: 45.9784235495 49.4020404114 93% => OK
Chars per sentence: 108.0 106.682146367 101% => OK
Words per sentence: 19.5 20.7667163134 94% => OK
Discourse Markers: 7.94444444444 7.06120827912 113% => OK
Paragraphs: 6.0 4.38176352705 137% => Less paragraphs wanted.
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 10.0 8.67935871743 115% => OK
Sentences with negative sentiment : 3.0 3.9879759519 75% => OK
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.202021289311 0.244688304435 83% => OK
Sentence topic coherence: 0.0569651597593 0.084324248473 68% => OK
Sentence topic coherence SD: 0.0421625285559 0.0667982634062 63% => OK
Paragraph topic coherence: 0.0914731289921 0.151304729494 60% => OK
Paragraph topic coherence SD: 0.054280274889 0.056905535591 95% => OK
Essay readability:
automated_readability_index: 14.4 13.0946893788 110% => OK
flesch_reading_ease: 43.73 50.2224549098 87% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 11.9 11.3001002004 105% => OK
coleman_liau_index: 14.85 12.4159519038 120% => OK
dale_chall_readability_score: 9.53 8.58950901804 111% => OK
difficult_words: 110.0 78.4519038076 140% => OK
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 9.6 10.1190380762 95% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
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Maximum five paragraphs wanted.
Rates: 89.8876404494 out of 100
Scores by essay e-grader: 8.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.