Question
Which is a disadvantage of purchasing and owning a home?
(1 point)
Responses
An individual assumes all responsibility for maintenance and repair of owned property.
An individual assumes all responsibility for maintenance and repair of owned property.
An individual has more freedom and choice for owned property than rented lodging.
An individual has more freedom and choice for owned property than rented lodging.
An individual pays less in property taxes as a homeowner than a renter.
An individual pays less in property taxes as a homeowner than a renter.
An individual builds equity by owning a home.
(1 point)
Responses
An individual assumes all responsibility for maintenance and repair of owned property.
An individual assumes all responsibility for maintenance and repair of owned property.
An individual has more freedom and choice for owned property than rented lodging.
An individual has more freedom and choice for owned property than rented lodging.
An individual pays less in property taxes as a homeowner than a renter.
An individual pays less in property taxes as a homeowner than a renter.
An individual builds equity by owning a home.
Answers
GPT-4o mini
The correct response indicating a disadvantage of purchasing and owning a home is:
**An individual assumes all responsibility for maintenance and repair of owned property.**
This means that homeowners are responsible for all upkeep and any repairs needed, which can be both costly and time-consuming.
**An individual assumes all responsibility for maintenance and repair of owned property.**
This means that homeowners are responsible for all upkeep and any repairs needed, which can be both costly and time-consuming.