3.

If you are considering moving to an unfamiliar city for a new job, which of the following makes the most sense from a financial perspective?

Group of answer choices

The breakeven in terms of when you start to realize financial benefits from owning a property vs. renting is roughly 3-5 years. This means that it is actually makes financial sense to sign a one-year lease and rent while you familiarize yourself with the new neighborhood and you can take that year deciding whether you intend to stay long-term before committing to purchasing a property to live.

You should buy a property as soon as possible so that you are paying yourself instead of wasting money on paying rent to a landlord.

There is no way to know for sure whether you are saving money from purchasing a property, but you know for sure that you are wasting money paying rent.

It is always cheaper to rent a property and you dont have the financial responsibilities associated with being a homeowner so you should rent as long as possible.