Web Analytics

Which two advantages do home buyers have over renters?

Athey build home equity
Bthey are protected from falling property prices
CThey have more freedom to move
Dthey have lower insurance costs
Ethey get more tax benefits

Verified Answer :

answers A and E seem correct. B makes no sense. C makes no sense. and my renters insurance was very cheap vs property insurance.

Answer:

The answer is: A) they build home equity. E) they get more tax benefits.

Explanation:  

1.) Social benefits: Many of the benefits of home ownership arise from a basic concept: permanence. This stability allows it to take root in your neighborhood. Typically, houses increase in value, create equity and provide savings for the future.

2.) The part of the property and interest tax on your mortgage payment is a tax deduction.

The answer is: A) they build home equity. E) they get more tax benefits.