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One reason to buy a home instead of rent a home is:
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
Select the statement that is NOT a component of a standard housing lease.
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
What is a lease?
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
Owning provides _________ flexibility but can lead to _________ costs in the long-term.
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
What is a mortgage?
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
The biggest factor in determining the price of a mortgage is:
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he really likes, but he can only afford about 60% of the monthly rent. What is the best housing option for John?
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
Typically homes ___________ over time and cars ______________ over time.
The total cost of the home.
appreciate; depreciate
Homes have the potential to appreciate in value over time
Rent the apartment with a roommate.
A contract outlining the terms under which a landlord agrees to rent property to a tenant.
Purchasing homeowner's insurance
less; lower
A type of loan used to buy property
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