_____ are ongoing costs of homeownership.
A) Down payments
B) Closing costs
C) Taxes on capital gains
D) Property taxes and insurance
E) Rental payments

Question

_____ are ongoing costs of homeownership.
A) Down payments
B) Closing costs
C) Taxes on capital gains
D) Property taxes and insurance
E) Rental payments

Quizplus · Accepted Answer

Property taxes and insurance are ongoing costs of homeownership, while down payments and closing costs are upfront costs. Taxes on capital gains may be incurred later on, depending on whether the homeowner sells their property at a profit. Rental payments are not relevant to homeownership.

_____ Are Ongoing Costs of Homeownership