Although the selection of housing is usually based on life situation and financial factors, we should also consider what we might have to give up. In this context, it is correct to say that: * One of the main advantages of owning a previously owned house is the fewer responsability for maintenance. One of the main advantages of renting an apartment is the pride of ownership. One of the main disadvantages of owning a manufactured home (mobile home) is to be more expensive than other ownership options. The lost earnings from interest on the money used for a down payment on a home is an important opportunity cost when we decide to buy a house or make a mortgage.
Although the selection of housing is usually based on life situation and financial factors, we should also consider what we might have to give up. In this context, it is correct to say that: * One of the main advantages of owning a previously owned house is the fewer responsability for maintenance. One of the main advantages of renting an apartment is the pride of ownership. One of the main disadvantages of owning a manufactured home (mobile home) is to be more expensive than other ownership options. The lost earnings from interest on the money used for a down payment on a home is an important opportunity cost when we decide to buy a house or make a mortgage.
Chapter9: Obtaining Affordable Housing
Section: Chapter Questions
Problem 4FPC
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Although the selection of housing is usually based on life situation and financial factors, we should also consider what we might have to give up. In this context, it is correct to say that: *
- One of the main advantages of owning a previously owned house is the fewer responsability for maintenance.
- One of the main advantages of renting an apartment is the pride of ownership.
- One of the main disadvantages of owning a manufactured home (mobile home) is to be more expensive than other ownership options.
- The lost earnings from interest on the money used for a down payment on a home is an important
opportunity cost when we decide to buy a house or make a mortgage.
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