Dave Ramsey Ch 11 Housing and Real Estate Flashcard 2
Flashcard
•
Life Skills
•
12th Grade
•
Easy
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20 questions
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1.
FLASHCARD QUESTION
Front
Maya is about to start college and her parents advise her that it's best to develop good ____ now instead of waiting until she's on her own to figure it all out.
Back
Money habits
2.
FLASHCARD QUESTION
Front
Is renting a great option for many people?
Back
True
3.
FLASHCARD QUESTION
Front
Mason is planning his budget and wants to know what percentage of his take-home pay should be allocated to rent. His rent payment should total no more than ____% of his take-home pay.
Back
25
4.
FLASHCARD QUESTION
Front
What does cost of living refer to?
Back
The average cost of the basic goods and services needed to maintain a certain standard of living.
5.
FLASHCARD QUESTION
Front
When Isla is ready to buy a house, the best option is a ____
Back
15-year fixed-rate conventional mortgage
6.
FLASHCARD QUESTION
Front
Abigail's decision to rent or buy a house depends on her ____.
Back
Financial situation
7.
FLASHCARD QUESTION
Front
Benjamin bought a house as an investment. Over time, this house will typically ____ value.
Back
Increase in
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