Buying and Renting

After moving out of their family home, how do most people pay for housing?

• Buy a home

• Rent a home

Which of these could be a price range for rent in a given city?

• $100-$200

• $200-$1500

• $10-$20

• $1-$5

When paying rent to a landlord, is your money ever returned to you?

• Yes

• No

When renting a home, what term refers to the owner of the home?

• Boss

• Coach

• Tenant

• Landlord

Which of these is NOT a factor that USUALLY influences the price of a rental property?

• Your income

• Number of roommates

• Number of bedrooms

• Size of the kitchen

Condominiums are

• primarily designed for older people who no longer want a yard.
• built more like houses, but someone else is responsible for the maintenance.
• built like apartments, but have fewer units and fewer people living in the complex.
• owned by individuals and common parts of the property, such as the grounds and building structure, are owned jointly by the unit owners.

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

When making decisions about a place to live, you should

• determine what you want and figure out a way to pay for it.
• determine how much you can spend and stay within your budget.
• not worry about the cost because it is most important that you feel safe and happy with where you live.
• base your final choice on cost because you can learn to be happy living anywhere you can afford to live.

Amenities refer to

• the actual location of an apartment complex.
• extra features that cost more than most people can afford.
• additional features such as swimming pools, exercise rooms, etc.
• basic features such as the color of the walls, the type of carpeting, etc.

“Everyone would own a house if they could afford to do so.” This statement is

• false because not everyone wants to own a house.
• true because owning a home is the American dream.
• true because living in a house has more advantages than living in an apartment.
• false because everyone can afford a house if they would only learn how to better budget their money.

Renter’s insurance

• is available only to people who rent a house.
• is available only to people who rent an apartment.
• should be purchased by anyone who rents a place to live.
• is not necessary because the owners will pay for your personal property if anything happens.