If a renter and a homeowner lived in housing units of similar size and type,the owner would probably have greater monthly costs initially.

Question

Quizplus · Accepted Answer

Homeowners typically have more upfront costs, including a down payment, closing costs, and possibly renovations or repairs. Additionally, homeowners are responsible for ongoing expenses such as property taxes, insurance, and maintenance costs that renters may not have.

If a Renter and a Homeowner Lived in Housing Units