QUESTION 1 |
Rent the apartment with a roommate |
QUESTION 2 |
What type of renter’s insurance the renter must buy |
QUESTION 3 |
Lease the car |
QUESTION 4 |
A type of loan used to buy property |
QUESTION 5 |
Homes have the potential to appreciate in value over time |
QUESTION 6 |
The car can be resold later to make some money back |
QUESTION 7 |
An owner has complete responsibility and control over the property. |
QUESTION 8 |
Greater; Lower |
QUESTION 9 |
A contract outlining the terms under which a landlord agrees to rent property to a tenant. |
John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most cost effective way for John to buy a house in the suburbs? |
Break his lease once he has bought the perfect home. |
A _________ is generally considered an appreciating asset because it may _________ in value over time. |
house; increase |
One reason to buy a home instead of rent a home is: |
Homes have the potential to appreciate in value over time. |
The biggest factor in determining the price of a mortgage is: |
… |
A typical housing lease may require a tenant to: |
All of the above |
Which best describes the benefits of renting a home? |
None of the above. |
Select which is NOT a component of a standard housing lease. |
Insurance |
Which of the following is NOT a cost typically associated with owning a car? |
Wear & Tear fees |
Renting provides _________ flexibility but can lead to _________ costs in the long-term. |
Greater – Higher |
Someone may choose to own a car instead of leasing because: |
The car can be resold later to make some money back |
Housing VS Renting
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