Renting is more advantageous than buying a home for
A)lower short-term living costs.
B)financial benefits.
C)long-term investment purposes.
D)receiving tax benefits.
E)permanence of residence.

Question

Quizplus · Accepted Answer

Renting typically has lower short-term living costs as there are no down payments, property taxes, or other large upfront expenses associated with buying a home.

Answer: B  
 Renting can provide financial benefits as the monthly rent payment is often lower than a mortgage payment and renters do not have to worry about the costs of maintenance and repairs.

Answer: E  
 While owning a home provides permanence of residence, renting allows for greater flexibility and mobility as renters are not tied down to a particular property and can easily relocate if needed.

Therefore, there are three best choices: A, B, and E.

Renting Is More Advantageous Than Buying a Home for