...Week 5 Assignment New House Risks and Benefits Jacqueline Miller XECO/212 07/13/2012 David Cullipher The government only has indirect control over the economy the direct control comes from the hands of investors, banks and corporations, fiscal policy means the government influence the economy it revolves around spend and tax involvement. There are benefits with fiscal policies; it can move around the structure of economic expenses. Cast for mortgage rates there is no way to tell what the market will be whether it will continue to go down over the next year or two. Stability Mortgage plan might work to stabilize the market for a shorter period of time by reducing foreclosures. As it stands the markets are still declining and for a first time buyer it is a good time to buy with the incentive of for the housing stability plan it afford the home buyer $8,000 tax credit first time buyer also is for someone who has not owned a home in the past five year. In other saying a stronger economy will offset the effects of higher mortgage rates. There has been a suggested drop of 10% may be in order next year while mortgage rates grows higher and many households are still having to service debt loads, however real estate’s sales data shows that less houses have been listed and prices are unchanged from a year ago. Today’s market based on what state it is the market for housing still has hope sales of new occupied homes are up and home prices are rising in most markets, although...
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...Latonya Rice Jan. 6, 2012 XECO/212 Week One Checkpoint; New House Readiness Deciding to buy a house, in my opinion, would be a lifelong goal that I consider an extremely serious investment. My studio apartment would not be large enough for the newest member arriving to my family; it would only suit the time being. Therefore, I have decided to move to larger accommodations. I have examined the factors that come into play with making such a large and weighty purchase from the perspective of an economist. The principles that I think would play a major role in my decision are: Principles 1 - 10. Principle 1: I would face tradeoffs in purchasing a home, a thorough look at my income and expenses will be a priority (i. e.”what if” scenarios). Principle 2: What can I give up to get my house (i.e. Sacrifices, what is necessary and what’s not). Principle 3: What are the benefits and opportunities of a house over an apartment? Principle 4: What are the incentives for me owning a house? Principle 5: Is this a beneficial trade that can make it better for everyone? Principle 6: Would it be a more beneficial organization owning a house (i. e. being closer to work, schools, etc.)? Principle 7: Would property rights enable more promotion for efficiency and to promote equity? Principle 8: Would this enable a higher standard of living or lower (with the trade- offs in my budget)? Principle 9: Inflation, the growth in the quantity of money (i.e. Would the payments...
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...A New House - Decision Your Name XECO/212 Your Date Your Teacher A New House - Decision We are currently renting a studio apartment and have just discovered that we are having a baby. Our present apartment is small and far away from schools and local services but is a close commute to our respective jobs. We have decided to move to a home with at least three bedrooms that is in a good school location as well as close to our respective jobs and we are planning on doing research before we decide whether to purchase a new home. We know purchasing a new home requires a substantial financial outlay and making the wrong decision has long-term financial consequences. We have just started looking around for a three or four bedroom houses located in good school districts with a close work commute for us. We are including the following research to help us decide if we should purchase a new home: • We will discuss which principles of economics directly relate to our decision. • We will compare the marginal benefits and the marginal costs associated with our purchasing decision. • We will see how the strength of the economy as a whole affects the marginal benefits and the marginal costs associated with our decision. • We will look at the roles of the domestic economy and international trade in our assessment of the strength of the economy. • We will determine what situations or conditions could have led us to make a different decision. The following principles of the...
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...A New House—Readiness Ronda L. Brewer XECO/212 August 5, 2011 Sarahbeth Spasojevich I have been faced with the decision of whether to purchase a new home or not. Making this decision has taken a lot of thought and planning. I had to look at the principals of economics, the marginal benefits and cost associated with my decision, and the economy. These are all factors that play a vital role in making a decision that I will be committed to for thirty years. One of the most difficult decisions that I had to consider was facing trade-offs. I had to ask myself what I am willing to give up to purchase this new home. I wanted to purchase a new home in a ritzy part of San Antonio but quickly realized that I could not afford to purchase a home in that area. So, I began looking in a nice middle class subdivision that was more affordable for me. I also had the desire to purchase a home with an in ground swimming pool. Unfortunately, this was not an option due to the community pool. I had to determine what was more important to me and I chose to change the geographical location that I wanted to live in and the swimming pool was not that important to me. I was not able to have a pool put in and live in the ritzy part of town, but I am able to have upgrades to my home and it is affordable. When my husband and I first looked at purchasing our home we had to look at our budget and see what we could afford and what we were willing to give up in order to purchase this...
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...Final Project Week 9 A New House – Decision By Barbara Rosol Due, Sunday, April 14, 2013 XECO/212 - Terry R. Blankenship, MBA, CBB Wanting to be a home owner is a very scary, unknowing and risky venture unless you have the right tools and the proper knowledge to make it a smooth transition and one you will be committed to for many years to come. This happened to me when I was young and thought it was time to move out of a small space I was renting. The choices that best describe my decision to purchase a new home would be based on the following principles. I could not imagine starting over again but I do know that by following the 10 principles of economics and analyze the markets for home purchases, you will see how easy it is to measure the benefits versus the costs. For me just starting a family and having little money to start, the best we could do is look for a home within our means. We rented a small 2 bedroom apartment with no garage and it was miles from schools and local grocery stores. We needed to raise our children in something nicer and with lots of yard space for the children to safely play. But how do we do it? We here the interest rates for mortgages are great now but the market price where I want to live must be in my budget and in a decent neighborhood, free of crime and must be close to grocery stores. I would need to seek the help from a bank that can finance and pre approve a loan for me so a realtor can start showing me my options...
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