Which of the following is not a common financial risk of home ownership?
A)interest rates may change.
B)property values may decrease.
C)repairs and maintenance.
D)susceptibility to macroeconomic factors
E)capital gains taxes on the sale of a principal residence.

Question

Quizplus · Accepted Answer

Capital gains taxes on the sale of a principal residence are not a common risk of home ownership. In fact, the tax code provides significant exemptions for individuals selling their primary residence. However, the other options (A, B, C, and D) are common financial risks associated with owning a home. Interest rates may change, affecting mortgage payments; property values may decrease, leading to a loss of equity; repairs and maintenance can be costly; and macroeconomic factors such as recession or job loss can impact one's ability to make mortgage payments.

Which of the Following Is Not a Common Financial Risk