The Opportunity Cost of Down Payment + Moving + Closing was characterized in class as a very real annual cost of home ownership. Your friend, however, remarks, I dont really see this as a cost of owning a house. Nobody has to be paid this cost. Its just a reflection that your brokers statement about the value of your financial portfolio is not as great as it would have been if youd continued renting, but thats not really a cost. How would you respond to your friends statement? Explain fully.