Scenario: You are a single $30-$year$-$old with a gross annual income of $$41,500.$ You have been renting an apartment, but you are tired of the rules set by your landlord. You would like a place that you are free to fix up the way you want it$.$ You are considering both condominiums and single$-$dwelling homes and are looking at the pros and cons of owning each type of housing. You would like to begin the home$-$buying process as soon as possible. You have $$25,000$ saved for a down payment, much of which was recently inherited from your late great aunt, and your family is willing to give you an additional $$15,000.$ You are currently repaying a school loan, a car loan, and some credit card debt. Current interest rates with home lenders are averaging around $6\mathrm{.}0\%$ at this time.

Owning a residence is often less expensive than renting a comparable property in the long term. Which of the following reasons may explain this phenomenon? Check all that apply.