Is It Okay to Rent?

This video provides insights into renting versus buying a home, including financial implications and personal decision-making.

What is a common misconception about renting?

• Renting never involves long-term commitments.

• Renting is just throwing money away.

• Renting is always cheaper than buying.

• Renting is more flexible than buying.

What is the price-to-rent ratio used for?

• To determine the best time to sell a house.

• To compare the cost of renting versus buying.

• To find the best rental properties.

• To calculate mortgage interest rates.

What is Kira's maximum recommended housing expense per month?

• $1,450

• $1,160

• $1,290

• $1,000

What is a potential cost of commuting for Kira?

• $10,000 per year

• $8,000 per year

• $1,000 per year

• $500 per year

How can Kira reduce her housing costs?

• By buying a smaller house.

• By living with a roommate.

• By increasing her commute distance.

• By moving to a more expensive area.

What is a benefit of renters' insurance?

• It covers the cost of rent.

• It covers the cost of utilities.

• It protects personal belongings from damage.

• It reduces monthly rent payments.

What should renters be cautious about when signing a lease?

• The number of bedrooms.

• The terms and conditions.

• The length of the lease.

• The color of the walls.