Answered

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What is an advantage of renting a place to live?

A. Lower up-front costs
B. Payments change from month to month
C. Low down payment
D. Increasing equity over time

Sagot :

GinnyAnswer

Final answer:

Renting offers lower up-front costs, month-to-month flexibility, and low down payment compared to buying a home.


Explanation:

Advantages of Renting a Place to Live:

  • Lower Up-front Costs: Renting often requires a lower initial payment compared to buying a home.
  • Month-to-Month Flexibility: Rent payments can change monthly, providing flexibility in budgeting.
  • Low Down Payment: Renting typically involves a lower down payment than purchasing a home.

Owning a home increases equity over time as you pay down the mortgage and make property improvements. However, renting offers advantages such as affordability, flexibility, and reduced financial commitment.


Learn more about Renting vs. Buying a Home here:

https://brainly.com/question/34703056


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