Ariannamorales5355
18.03.2020 •
Mathematics
What is a financial risk of being a homeowner? a. the home may be difficult to sell b. the home may need repairs c. the home may decrease in value d. the home may have taxes
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Ответ:
Option C is correct.
The financial risk of being a homeowner is that the home may decrease in value.
Step-by-step explanation:
Financial risk is a term that is normally associated with investments. Just like with ordinary risks, it is the unfavourable outcomes that come with a particular option made.
Financial risk is magnitude of possible loss consequent to a financial decision or event.
Of all the options presented, only a decrease in the value of the home represents a major, almost irreversible risk.
The home being difficult to sell doesn't necessarily affect the financial value of the home, the home requiring repairs mean the cost of repairs is just going to be added to the sell-on fee, and taxes, all homes have taxes, the sell on value will reflect the tax.
But once, the value of the home drops, especially beyond the initial cost of the house, then, this risk becomes much more evident. This truly is a major risk whem it comes to investing in homes.
Hope this Helps!!!
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