3. It's Time to Buy a House
Why do many newcomers to the United States rent first instead of buying a home?
- They do not like owning homes
- Renting is generally cheaper than buying
- They are required to rent for one year first
- Real estate agents refuse to work with newcomers
What is a "fixer upper"?
- A home that is already perfect
- A low-cost home that needs improvements
- A home that cannot be sold
- A rental property
According to the essay, what factors affect home prices?
- The color of the house
- The number of bathrooms only
- Location and size of the home
- The name of the previous owner
Why might a home in Victorville, California cost less than the same home in Monterey Park?
- Victorville has better schools
- Monterey Park has more crime
- Location affects home prices significantly
- Victorville homes are older
What happens to a home's value the longer you own it, according to the essay?
- It stays the same
- It decreases
- It rises
- It becomes unpredictable