Exam 9: The Housing Decision: Factors and Finances

A) government-supported rental units.
B) a nonprofit organization whose residents must own its stock.
C) individual ownership of a living unit in a building.
D) factory built and on-site assembly.
E) housing units owned by a real estate developer.

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A) renter's insurance.
B) the security deposit.
C) increased value of the property.
D) real estate taxes.
E) interest lost on the security deposit.

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A) higher debt ratios are required of buyers.
B) loans may be assumable.
C) the high interest loans are attractive.
D) the monthly payments will always be higher than those of other mortgages.
E) higher down payments are required of buyers.

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A) pay for any damages that may occur during the lease period.
B) cover the costs of utilities.
C) pay for the tenant's portion of real estate property taxes.
D) cover increases in monthly rent.
E) meet government housing regulations for a safe building.

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A) Ease of mobility
B) Financial benefits
C) Fewer responsibilities
D) Minimal financial commitment
E) Declining equity

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A) Your income
B) The amount of your down payment
C) The length of your loan
D) Current mortgage rates
E) The home you buy

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A) lower initial costs.
B) fewer restrictions regarding remodeling.
C) a long-term investment.
D) tax deductions for property taxes.
E) permanence of residence.

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A) armed services veterans.
B) recent college graduates.
C) low-income homebuyers.
D) government employees.
E) the elderly.

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A) Low security deposit
B) Tax deductibility of the down payment
C) Lifestyle flexibility
D) Increases in property value
E) No maintenance cost

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