Which of the following are disadvantages of home ownership?
A)limited responsibility
B)few financial benefits
C)low initial costs.
D)financial commitment.
E)lifestyle flexibility.

Question

Quizplus · Accepted Answer

Home ownership is a significant financial commitment that can tie up a large portion of someone's income for many years. This burden can limit financial flexibility, and there may be additional costs and responsibilities associated with owning a home, such as maintenance, repairs, and property taxes. While there may be potential financial benefits in the long run, such as equity and appreciation in value, these may not outweigh the initial costs and ongoing expenses. Limited responsibility (A) and low initial costs (C) are not typically associated with home ownership, while lifestyle flexibility (E) can be affected by owning a home, as it may limit one's ability to move or relocate easily.

Which of the Following Are Disadvantages of Home Ownership