John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he really likes, but he can only afford 60% of the monthly rent. What is the best housing options for John?
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Since the options are not given, I am giving an assumed answer based on a similar question from another website.
The correct answer should be - Rent an apartment with a roommate.
Sharing a room with another roommate will bring down the room rent expenses to 50% as both the people will be paying equal rent. It is better than paying the full rent especially during financial crunches.
The correct answer should be - Rent an apartment with a roommate.
Sharing a room with another roommate will bring down the room rent expenses to 50% as both the people will be paying equal rent. It is better than paying the full rent especially during financial crunches.
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The best option for John would be to find a roommate.
With increasing costs of housing in cities today, the concept of sharing an apartment with roommates is fast catching on in all parts of the world. By sharing his room with a roommate, John can share the rent he pays in the ratio 50:50. Thus, he can also save an additional 10% when compared with his original plan and use it for his other expenses. There are many people like John who move to cities to pursue their dreams and make it big, but fall short of financial planning and land themselves into debt. Smart financial practices like this will surely go a long way in helping to survive in the city. Apart from sharing costs, John will also not feel lonely to live in an apartment all by himself now, and can form a good friendship with his new roommate.
Thus, finding a roommate is the best housing option for John.
With increasing costs of housing in cities today, the concept of sharing an apartment with roommates is fast catching on in all parts of the world. By sharing his room with a roommate, John can share the rent he pays in the ratio 50:50. Thus, he can also save an additional 10% when compared with his original plan and use it for his other expenses. There are many people like John who move to cities to pursue their dreams and make it big, but fall short of financial planning and land themselves into debt. Smart financial practices like this will surely go a long way in helping to survive in the city. Apart from sharing costs, John will also not feel lonely to live in an apartment all by himself now, and can form a good friendship with his new roommate.
Thus, finding a roommate is the best housing option for John.
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