Why might people choose to rent a home rather than buy a home? A. They have a lot of money saved for a down payment.
B. The property maintenance is the owner’s responsibility.
C. The interest rates on equity are too high.
D. They have a long-term commitment to the area.
Why might people choose to rent a home rather than buy a home?
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The correct answer is B. The property maintenance is the owner’s responsibility.
Explanation: People might choose to rent a home rather than buy one because when they rent, they typically do not have to worry about property maintenance costs or responsibilities, as those are usually handled by the landlord or property owner. This can be a significant advantage, especially for those who prefer flexibility and lower financial commitment.