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Rom4ik [11]
3 years ago
13

Renting provides ________ flexibility but can lead to ________ costs in the long-term. everfi

Social Studies
1 answer:
Hitman42 [59]3 years ago
8 0
Renting can offer increased flexibility in many situations. To rent may require less of a down payment and less credit would be needed. However, in the long term, renting is much more bleaker. Renting can prove to lead to higher costs in the long run. After years and years of renting, a tenant will never own their home. On the other hand, the home owner will pay more monthly, but will eventually own their home.
 
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The Transylvania Colony was  founded during 1775 by Richard Henderson, who controlled the North Carolina-based Transylvania Company. He and his investors reached an agreement to purchase a vast tract of Cherokee lands. Later on, the Wilderness Road was established going from Cumberland Gap into Southeastern Kentucky. The Watauga settlement was the site of this “real state” transaction: the Transylvania Purchase. The Watauga leaders asked the Cherokee to convert the lease of lands into a purchase.

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