FIN-2860 Study Guide - Midterm Guide: Mutual Fund Fees And Expenses, Life Insurance, Medigap

• School: App State
• Department: Finance, Banking and Insurance
• Course: FIN-2860
• Professor: Jonathan Allen

Document Summary

Mobility: offers mobility when a location change is necessary or desirable. Fewer responsibilities: usually do not have to be concerned with maintenance and repairs. Lower initial costs: security deposit on apt is less than a down payment on a house. Restricted lifestyle: limited in the types of activities they can pursue in their place of residence. Legal details: signing a lease holds you accountable by law. Single-family dwellings: previously owned houses, new houses, custom built. Multiunit dwellings: dwellings with more than one living in a unit, including duplexes and townhouses. Condominiums: individually owned housing unit in a building with several such units. Cooperative housing: a form of housing in which a building containing a number of housing units is owned by a nonprofit organization whose members rent the units. Manufactured homes: a housing unit that is fully or partially assembled in a factory before being moved to the living site. Mobile homes: a second type of manufactured home.