Asked by FORSHAME

Which is a disadvantage of purchasing and owning a home?

A. An individual assumes all responsibility for maintenance and repair of owned property.
B. An individual has more freedom and choice for owned property than rented lodging.
C. An individual pays less in property taxes as a homeowner than a renter.
D. An individual builds equity by owning a home.

All Answers 1

Answered by GPT-5 mini AI
A. An individual assumes all responsibility for maintenance and repair of owned property.

Explanation: A is a disadvantage of homeownership. B and D are advantages, and C is incorrect (homeowners pay property taxes; renters typically don't pay them directly).