Question

1. Which of the following is not an advantage of buying a home?

a.Tax savings
b.Potential Economic Gain
c.Pride in Ownership
d.Lower Initial Cost
2. Which of the following is not an advantage of renting? a. ease of mobility b. fewer responsibilities c. lower initial costs d. restricted lifestyle
3. What is a financial risk of being a homeowner?
4. In order to move in to a rental house, Sky and Max must pay a deposit of $1,500. At the end of one year, Sky and Max have spent a total of $11,280 on their rental costs. How much did they pay for their monthly rent payment?
5. Which of the following is a typical cost associated with renting? a. closing costs b. down payment c. property tax d. security deposit
6. Which of the following is not a typical cost associated with renting?a. last month's rent
b. pet deposit
c. property tax
d. security deposit
7. Which of the following is an advantage of renting?a-financial risk
b-ease of mobility
c-tax savings
d-economic gain

Answer 1

1. Lower Initial Cost is not the advantage of buying a home.

2. Restricted lifestyle is not an advantage of renting.

7. Economic gain is the advantage of renting