Question

what is an advantage of renting a place to live?
lower up - front costs
payments change from month to month
low down payment
increasing equity over time

Explanation:

• For "payments change from month to month", rental payments (like in a variable - rate lease, but most rentals have fixed monthly rent) don't typically change monthly, so this is incorrect.
• "Low down payment" is more related to buying a property (a down payment is for a mortgage), while renting usually has a security deposit (not a down payment in the same sense), so this is incorrect.
• "Increasing equity over time" is a benefit of homeownership (as you pay off the mortgage and property value may increase), not renting, so this is incorrect.
• "Lower up - front costs": When renting, you usually only need to pay a security deposit (and maybe first month's rent) which is generally much less than the down payment and closing costs associated with buying a home, so this is an advantage of renting.

Answer:

A. lower up - front costs