Question

Which two advantages do home buyers have over renters?

A) they build home equity
B) they are protected from falling property prices
C) They have more freedom to move
D) they have lower insurance costs
E) they get more tax benefits

Answer 1

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 2

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.