Which of the following is a disadvantage of renting over buying a home?(1 point) Responses With each new lease, your rent can go up. With each new lease, your rent can go up. You must also pay thousands of dollars for things such as property taxes. You must also pay thousands of dollars for things such as property taxes. You will have fewer hassles when you decide to move. You will have fewer hassles when you decide to move. If something breaks, you have to fix it or pay to have it fixed.
1 answer
The correct disadvantage of renting over buying a home is: "With each new lease, your rent can go up."
This highlights the uncertainty of rental costs, whereas homeowners generally have a fixed mortgage payment if they have a fixed-rate mortgage. The other options relate more to the responsibilities and costs associated with owning a home rather than disadvantages of renting.
