Personal Finance Courses: Housing

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Choose wisely. There is only one correct answer to each question.

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1.
Tenants renting apartments are liable for _______.
Choose wisely. There is only one correct answer.
None of the above. Tenants do not pay any of these, though their landlords do pass some of the costs onto them indirectly through their rent.
2.
As a renter, you might find that you are responsible for shoveling snow or cutting the grass.
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True. Some leases require you to do some maintenance.
3.
Whom does title insurance protect?
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You and your lender. Title insurance protects you and your lender in case you discover afterward that someone else could lay claim to the house.
4.
Renting a home is _______ cheaper than owning a home.
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Often. Often, renting is cheaper. But sometimes, it is more expensive. It depends on a lot of factors.
5.
Homes always keep increasing in value.
Choose wisely. There is only one correct answer.
False. Not always. Over time, the trend is toward growth, but sometimes home values do drop, even for several years in a row.