Question

John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most cost effective way for John to buy a house in the suburbs?a.Move to the suburbs and rent a house for one year before purchasing a home.B.Finish the term of his apartment lease in the city and find a new home to purchase simultaneously.C.Break his lease and move to the suburbs immediately without identifying a home to buy.D.Break his lease once he has bought the perfect home.

Answer 1

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Answer 2

The most effective way of John saving up and using the cost effective method  is to buy and lease the house in the city and rent to another person the rent another house for his own shelter. He should open a savings account for the leased house and continue saving and he becomes stable to buy hiiiis own house  for his own acommodation

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