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【单选题】
'It is always better to buy a house; paying rent is like pouring money down the drain.' For years, such advice has encouraged people to borrow heavily to get on the property ladder as soon as possible. But is it still sound advice? House prices are currently at record levels in relation to rents in many parts of the world and it now often makes more financial sense—especially for first—time buyers—to rent instead. Homebuyers tend to underestimate their costs. Once maintenance costs, insurance and property taxes are added to mortgage payments, total annual outgoings now easily exceed the cost of renting an equivalent property, even after taking account of tax breaks. Ah, but capital gains will more than make up for that, it is popularly argued. Over the past seven years, average house prices in America have risen by 65%, those in Britain, Spain, Australia and Ireland have more than doubled. But it is unrealistic to expect such gains to continue. Making the (optimistic) assumption that house prices instead rise in line with inflation, and including buying and selling costs, then over a period of seven years—the average time American owners stay in one house—our calculations show that you would generally be better off renting. Be warned, if you make such a bold claim at a dinner party, you will immediately be set upon. Paying rent is throwing money away, it will be argued. Much better to spend the money on a mortgage, and by so doing build up equity. The snag is that the typical first-time buyer keeps a house for less than five years, and during that time most mortgage payments go on interest, not on repaying the loan. And if prices fall, it could wipe out your equity. In any case, a renter can accumulate wealth by putting the money saved each year from the lower cost of renting into shares. There have, historically, yielded a higher return than housing. Putting all your money into a house also breaks the basic rule of prudent investing: diversify. And yes, it is true that a mortgage leverages the gains on your initial deposit on a house, but it also amplifies your losses if house prices fall. 'I want to have a place to call home,' is a popular retort. Renting provides less long-term security and you cannot paint all the walls orange if you want to. Home owner ship is an excellent personal goal, but it may not always make financial sense. The pride of 'owning' your own home may quickly fade if you are saddled with a mortgage that costs much more than renting. Also, renting does have some advantages. Renters find it easier to move for job or family reasons. 'If I don't buy now, I'll never get on the property ladder' is a common cry from first-time buyers. If house prices continue to outpace wages, that is true. But it now looks unlikely. When prices get out of line with what first-timers can afford, as they are today, they always eventually fall in real terms. The myth that buying is always better than renting grew out of the high inflation era of the 1970s and 1980s. First-time buyers then al ways ended up better off than renters, because inflation eroded the real value of mortgages even while it pushed up rents. Mortgage-interest tax relief was also worth more when inflation, and hence nominal interest rates, was high. With inflation now tamed, home owner ship is far less attractive. The divergence between rents and house prices is, of course, evidence of a housing bubble. Someday prices will fall relative to rents and wages. After they do, it will make sense to buy a home. Until they do, the smart money is on renting. The word 'it'(Line 3, Paragraph 1) denotes
A.
to purchase,
B.
to rent.
C.
to pay.
D.
to lend.
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参考答案:
举一反三
【单选题】胆碱能性荨麻疹为()作用于肥大细胞发病。
A.
乙酰胆碱
B.
嗜碱性粒细胞
C.
IgE
D.
组胺
【单选题】根据我国体育发展的特点和规律,体育用于广义时,通常是指( )
A.
竞技体育
B.
体育教育
C.
健康教育
D.
体育运动
【单选题】标准直齿圆柱齿轮的顶隙系数 C* 等于( )
A.
0.25
B.
1
C.
1.25
D.
2.25
【多选题】历史上最早应用的还原性染料是靛蓝,春秋时期,我国先民已能从蓝草中提出这种染料,早于欧洲1500多年。其结构简式如图所示: 下列关于靛蓝的叙述,错误的是__________
A.
靛蓝由碳、氢、氧、氮4种元素组成
B.
它的分子式是C 16 H 10 N 2 O 2
C.
该物质是高分子化合物
D.
它是不饱和的有机物 E.该物质属于芳香烃 F.该物质属于环状化合物
【简答题】不等式 的解集在数轴上表示为
【单选题】根据我国体育发展的特点和规律,体育用于广义时,通常就是指
A.
竞技体育
B.
体育教育
C.
健康教育
D.
体育运动
【单选题】标准直齿圆柱齿轮的顶隙系数c*等于( )
A.
4
B.
0.25
【单选题】标准直齿圆柱齿轮的顶隙系数c*等于( )
A.
0.25
B.
0.5
C.
1
D.
1.25
【单选题】历史上最早应用的还原性染料是靛蓝,春秋时期,我国人民已能从蓝草中提取这种染料,比欧洲早 1500 多年。 靛蓝的结构简式如图,下列关于靛蓝的叙述错误的是
A.
靛蓝由碳、氢、氧、氮 4 种元素组成
B.
它的分子式是 C 16 H 10 N 2 0 2
C.
分子中所有原子都能共平面
D.
该物质属于环状化合物
【单选题】根据我国体育发展的特点和规律,体育用于广义时,通常就是指
A.
竞技体育
B.
体育教育
C.
健康体育
D.
体育运动
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