What is the classic image associated with 'The American Dream'?
Should I Buy A House?

Interactive Video
•
Social Studies
•
12th Grade
•
Easy
Michelle Thomas
Used 1+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A high-rise condo
A suburban home with a white picket fence
A large urban apartment
A beachfront property
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is home ownership considered a long-term investment?
It provides a stable job
It guarantees high returns
It offers a place to live and builds equity
It comes with no financial risks
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has significantly increased for millennials compared to previous generations?
Job security
Student loan debt
Investment in stocks
Income levels
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a critical factor to qualify for good mortgage terms?
Owning a car
A credit score of 760 or higher
Having no previous loans
Having a part-time job
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might buying a home quickly become financially risky?
High property taxes
Constant increase in property value
Most of the initial payments go towards interest
Low interest rates on loans
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could be a financial consequence if Ramon loses his job after buying a home?
He could easily sell the house for profit
He would pay off the mortgage faster
He might struggle to meet mortgage payments
His credit score would increase
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an advantage of not owning a home according to the video?
Responsibility for maintenance costs
Higher travel costs
Increased property taxes
Flexibility in relocating for job opportunities
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What investment alternative is suggested for those not purchasing a home?
Buying luxury goods
Investing in a 401(K) or owning a company
Saving under the mattress
Spending on entertainment
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