Consumption and Benefits Unit Test
9 of 159 of 15 Items
Question
Which of the following is an advantage of buying your home over renting?
(1 point)
Responses
You do not have to worry about the housing market in your area.
You do not have to worry about the housing market in your area.
The amount you pay each month is set by the terms of your mortgage.
The amount you pay each month is set by the terms of your mortgage.
If something breaks, you have to fix it or pay to have it fixed.
If something breaks, you have to fix it or pay to have it fixed.
Your mortgage payments will far exceed the value of your home.
Your mortgage payments will far exceed the value of your home.
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The correct response is:
You do not have to worry about the housing market in your area.
This is an advantage of buying a home over renting because when you own a home, you don't have to worry about fluctuations in the housing market that can affect rental prices.