Question

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

Answer 1

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.