homeowner
mulkiile guri
a person who owns a home
EXAMPLE: The homeowner wanted to move to California. Instead of selling his house, he decided to rent it out.
down payment
lacag bixinta
the amount of money that you pay at the time that you buy something, but it is only a part of the total cost of that thing
EXAMPLE: I made a 20% down payment on my house. I will pay the rest of the cost over time. My monthly mortgage payment is $2,300.
take out a mortgage
qaado amaahda guryaha
a loan you get in order to buy a house
EXAMPLE: I don't have enough money to buy this house. I will need a loan from the bank. I will take out a mortgage.
make a payment
samee bixin
pay back part of a loan
EXAMPLE: On the 1st day of every month, I make a payment on my mortgage.
acquire
helid
to get or obtain something
EXAMPLE: We don't have enough money to acquire a house. We will need to save up money for a long time.
asset
hanti
a useful or valuable thing
EXAMPLE: Most people believe that a house is an asset.
investment
maalgashi
an asset that you buy so that you can make a profit
EXAMPLE: A house is a good investment. Its value will increase over time. You will likely sell it for more money than you paid for it.
stability
xasiloonida
not moving or changing
EXAMPLE: Living in the same house during childhood provides a feeling of stability.
value
the price of something
EXAMPLE: It's a good idea to buy a house in a safe neighborhood. If the neighborhood becomes popular, your house's value will increase!
alive and well
nool oo hagaagsan
still full of energy and activity
EXAMPLE: People will never stop buying and selling houses. The housing market is alive and well.
crash
burbur
suddenly fail or become unsuccessful
EXAMPLE: Because of climate change, the housing market in Florida is crashing. It is very difficult to sell a house there because few people want to buy them. House prices have fallen dramatically.
despite
inkasta oo
without being influenced or affected by, ignoring a fact
EXAMPLE: Motorcycles are very dangerous. Many people ride them despite the risks.
in addition
intaa waxaa dheer
also
EXAMPLE: I own a car in addition to my truck.
interestingly
xiiso leh
use this to introduce something strange or interesting
EXAMPLE: Interestingly, she bought the house even though she thought it was overpriced.
risky
halis ah
the possibility that something bad could happen
EXAMPLE: It is very risky to ride a motorcycle. If you hit something, you could be badly hurt.
survey
baaritaan guud
asking people questions to find out their opinions
EXAMPLE: I responded to a survey about homeownership. They wanted to know if I plan to buy a house someday.
trend
u jan-jeer
the way a situation changes
EXAMPLE: I think people are starting to prefer renting over buying. Surveys show a trend away from home ownership and toward renting.
versus
ka hor
(abbreviation: vs.) use this to compare two things or ideas
EXAMPLE: Let's talk about renting versus buying. What are the advantages and disadvantages of each?
certain
(2 definitions)
sure OR specific
EXAMPLE: I have no idea why the refrigerator is open. I am certain that I closed it.
EXAMPLE: When you write a resume, there are certain details you have to include, such as your contact information and work experience.
flexibility
(2 definitions)
ability to easily change OR ability to bend and move your body
EXAMPLE: Tenants have more flexibility than home owners. They can move when their lease expires.
EXAMPLE: There are exercises you can do to improve your flexibility.
settle
(2 definitions)
to live in a place for the long term OR bring something to its end
EXAMPLE: After visiting 3 cities, we decided to settle in Minneapolis. We have lived here for 8 years already!
EXAMPLE: Some tenants need a lawyer to help them settle disputes with their landlord.
treat
(2 definitions)
interact with people in a specific way OR give medical care to
EXAMPLE: Companies should pay their employees fairly and treat them well.
EXAMPLE: I want to become a nurse and treat patients.
values
a belief about what is important
EXAMPLE: We get along well because we have the same values. For example, we both believe family is important.