Indicate your assumptions and calculations and comment on whether buying versus renting would make more sense in the following scenario.The couple each grosses $4000 monthly income.They have $40 000 saved for the house purchase and are currently renting a two bedroom apartment for $1500 a month.They want to purchase a two bedroom condo for ?$300 000,which has monthly expenses as follows: property tax $220,heat $100,and condo fees $350.Consider closing costs,cash flow and other calculations to justify whether you recommend they buy,or not.

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The Answer of Indicate your assumptions and calculations and comment on whether buying versus renting would make more sense in the following scenario.The couple each grosses $4000 monthly income.They have $40 000 saved for the house purchase and are currently renting a two bedroom apartment for $1500 a month.They want to purchase a two bedroom condo for ?$300 000,which has monthly expenses as follows: property tax $220,heat $100,and condo fees $350.Consider closing costs,cash flow and other calculations to justify whether you recommend they buy,or not.

Indicate Your Assumptions and Calculations and Comment on Whether Buying