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In: Accounting

Overview: As a young person freshly graduated from college, one is often facing this question. Use...

Overview:

As a young person freshly graduated from college, one is often facing this question. Use this forum to share your thoughts and learn from others'. To facilitate communication, each student should have their original or responding post on at least two days.

Instruction:

Sam is a newly graduate student. He is weighing on whether to buy a house or rent one. Suppose he earns $50,000 gross income a year and lives close to where you are at. Please help Sam to analyze his choices and make a recommendation to him. To be more specific,

  • What are the pros and cons of each choice based on Sam's situation?
  • Which choice is more beneficial Sam in a short run? How about in a long run?
  • Are there any federal and/or local government benefits that Sam can use should he decide to buy his first house? How about being a first-time renter, will there be any benefits? During the still on-going pandemic, are there any additional benefits Sam can utilize for buying or renting his house?
  • Post your own thread and respond to others in more than one day.

Solutions

Expert Solution

Answer :

ekkarill92 answered 1 year ago
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