Question
Question 11 (1 point) Owning a home is always better than renting. True False
Solution
4
(309 Votes)
Dior
Elite ยท Tutor for 8 years
Answer
###False
Explanation
##Step 1: Considering Ownership Costs###Owning a home involves significant upfront costs (down payment, closing costs) and ongoing expenses (mortgage, property taxes, insurance, maintenance). These costs can outweigh the benefits for some individuals, especially those with limited mobility or financial resources.##Step 2: Considering Renting Advantages###Renting offers flexibility and lower upfront costs, making it a preferable option for some, particularly those in transient life stages or uncertain financial situations. Renters are also not responsible for property maintenance and repairs.#