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Which of the following is considered an advantage of home ownership?

A. You are responsible for all repairs and maintenance.
B. Interest paid on the mortgage of your home is tax deductible.
C. Mortgage payments are always lower than rent payments.
D. Profits on real estate are guaranteed.

  • FP/101 -

    A. Certainly not an advantage
    B. For now this is true
    C. Definitely not
    D. As we've seen in the last few years -- this is not true.

    P.S. After 40 years of owning a home, I love being in a rented apartment!

  • FP/101 -

    Which one do you think? Only one is both true and positive.

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