Question

Which of the following is NOT correct? Renting is usually less costly in the short run....

Which of the following is NOT correct?

Renting is usually less costly in the short run.

Home ownership usually has long-term financial advantages.

Renting offers mobility.

Lifestyle and financial factors should be analyzed to determine if you should rent or buy.

Traditional financial guidelines suggest that your home should cost about five times your annual income.
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Traditional financial guidelines suggest that your home should cost about five times your annual income.- This statement is not correct. All other statements are Correct

Option 5 is correct.

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