Generally speaking,it is wiser to buy a home than to rent,because each mortgage payment gradually increases one's _________ in the home.

Question

Quizplus · Accepted Answer

Mortgage payments over time increase one's equity in a home, which means the amount of ownership or value of the property that belongs to the homeowner. This can be seen as a form of savings or investment, as the homeowner is building wealth through the ownership of the property. Rent payments, on the other hand, do not increase any equity or ownership in the property, and are essentially lost expenses.

Generally Speaking,it Is Wiser to Buy a Home Than to Rent,because