Which of the Following Is an Advantage of Home Ownership

question 15

Multiple Choice

Which of the following is an advantage of home ownership?

• A)Its lack of short-term liquidity should immediate sale become necessary.
• B)The responsibility for maintaining the home and grounds;and
• C)The significant growth of home prices over longer periods of time.
• D)All of the above are disadvantages of home ownership.
• E)None of the above is a disadvantage of home ownership.

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Definitions:

Enclosure

The process of converting shared or communal lands into individually owned property, often associated with agricultural changes in Britain.

England

A country that is part of the United Kingdom, located on the island of Great Britain, known for its rich history, cultural heritage, and major contributions to literature, science, and politics.

Poorest of the Poor

A term denoting individuals or populations living in extreme poverty, often lacking basic human needs such as food, water, shelter, and healthcare.