I’m stuck on a Case Studies question and need an explanation.
Go buy a house!
Research the starting salary you might expect in the career and city you choose for the first year after you leave RIT. If you have no idea of what career and city you might choose, make an assumption and document your decision. Research mortgage rates and property taxes in the area where you plan to live. Using this data and estimation techniques provided in the text, determine how much you can afford in monthly mortgage payments, then go buy a house in the location of your job. I expect your response will describe any assumptions you have made (including, but not limited to, choice of urban/suburban/rural location, number of bedrooms, school district, etc), and factor in any downpayment you will make to purchase the house.
In your analysis be sure to explain how you determined your mortgage amount and home purchase price, and how you factored in property taxes. Provide a link to the house you have chosen to buy. If your financial position does not allow you to purchase suitable housing based on your base assumptions, provide me with alternative assumptions about your financial condition and then go buy/rent suitable housing. Show the details of your work.
0 comments