For most homeowners,the most important financial reason for owning a home is
A)security for loans.
B)an inflation hedge.
C)a tax shelter.
D)a cash flow item.
E)psychic income.

Question

Quizplus · Accepted Answer

Owning a home provides tax benefits such as the ability to deduct mortgage interest, property taxes, and some closing costs. This makes it a popular tax shelter for homeowners. Inflation hedge and cash flow item can be benefits of owning a home, but they might not be the most important financial reason for most homeowners. Security for loans and psychic income are not necessarily financial reasons.

For Most Homeowners,the Most Important Financial Reason for Owning a Home