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Question 11 (1 point) Owning a home is always better than renting. True False

Question

Question 11 (1 point) Owning a home is always better than renting. True False

Question 11 (1 point)
Owning a home is always better than renting.
True
False

Solution

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DiorElite · Tutor for 8 years

Answer

###False

Explain

##Step 1: Considering Ownership Costs<br />###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.<br />##Step 2: Considering Renting Advantages<br />###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.<br /><br />#
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