Standard 10: Renting vs. Buying

Compare the costs and benefits of renting versus buying a home.
Explain the elements of a standard lease agreement (e.g., deposit, due date, grace period, late fees, and utilities).
Explain the elements of a mortgage (e.g., down payment, escrow account, due date, late fees, and amortization table); types of lenders; and fixed or adjustable rate mortgage loans.

Online Curriculum and Lesson Plans

Making $en$e: Financial Success for Oklahoma Students – Oklahoma State Department of Education | view now

Module 10.1: Housing Alternatives
Module 10.2: Leasing a Place to Live
Module 10.3: Buying a Place to Live

EconEdLink

NEW! Interest Only Mortgage Calculator | view now
NEW! Home Rent vs. Buy Calculator | view now
Buying vs. Renting | view now
The Economics of Homebuying | view now
Trish and Scott’s Big Adventure: An Investigation of Regional Housing Costs | view now

Council for Economic Education Lessons

Financial Fitness for Life, Bringing Home the Gold, (9-12), Teacher Guide

Lesson 16 – Shopping for a Mortgage

Focus on Personal Decision Making

Lesson 11 – Housing: Deciding to Rent or Buy.

Your Credit Count Challenge

Section 4 – A Roof Over Your Head