Jeff Bloom wants to have a house just like the one his parents had when he was a teenager.He finds the house he wants and gets an interest-only loan on it for the first five years.Which one of the answers best explains Jeff's spending?
A)misunderstanding or lack of communication
B)the use of money to punish
C)the expectation of instant comfort
D)keeping up with the Joneses
E)overindulgence of children

Question

Quizplus · Accepted Answer

Jeff's decision to get an interest-only loan for the first five years shows his expectation of instant comfort, rather than being patient and saving up for a traditional mortgage. He wants to have the house just like his parents had, and he wants it now, without considering the long-term financial implications.

Jeff Bloom Wants to Have a House Just Like the One