2/6: Renting vs. Owning a Home

What is one of the main advantages of renting a home according to the passage?

• Flexibility and predictable monthly expenses

• Building equity

• Tax benefits

• Higher costs and responsibilities

Which of the following is a disadvantage of owning a home mentioned in the passage?

• Freedom from maintenance responsibilities

• Potential tax deductions

• Higher overall costs

• Flexibility to move easily

Why might renting be considered advantageous for some individuals?

• It allows for building equity

• It offers mobility and lower monthly costs

• It provides tax benefits

• It ensures property value appreciation

What is a potential risk for renters as mentioned in the passage?

• Ability to personalize the space

• Building equity

• Rent increases and eviction risks

• Tax benefits

According to the passage, what has influenced the decision to rent or buy a home in recent times?

• Decreased home prices

• Rising home prices and interest rates

• Increased availability of rental properties

• Lower mortgage interest rates

What is a situation where RENTING is better?

Evaluate responses using AI:

OFF

What is a situation where BUYING is better?

Evaluate responses using AI:

OFF