Xeco212.Wk7.Checkpoint. - house by then they will know what...

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Checkpoint: A New House 1 Running head: Checkpoint: A New House Checkpoint: A New House Axia College
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Checkpoint: A New House 2 When purchasing a new house, the economy plays a big role and does affect ones decision to purchase a new house. There are times when it is a buyer’s market or a seller’s market, whatever the case may be, the economy plays a big role. As far as marginal benefits, I think it would increase the economy since there is money being spent. Because purchasing a home isn’t something that has be done, but it is something a person would like to do especially if it’s a buyer’s market. Marginal cost in purchasing a home can affect the economy as well since people save money to put a down payment into it; in turn consumers are contributing to the economy. People usually wait until they have a good amount of money to put down on a new
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Unformatted text preview: house, by then they will know what their budget will look like and decide what they can afford. Because purchasing a home is a huge financial responsibility, people must sit and figure out their budget prior to house searching. The removal of tax deduction on the mortgage interest does affect the housing market more that you thought. This will stop consumers from purchasing a new home because of the removal of tax deduction. The tax deduction is a big help for them, especially if you are on a tight budget. The changes in government spending and taxes make a huge difference when purchasing a new home. Consumers want to make sure that the there is enough money in the banks and other financial institutions the can help consumers purchase a home. Checkpoint: A New House 3...
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This note was uploaded on 11/14/2010 for the course XECO 212 xeco 212 taught by Professor Kristinpaul during the Spring '10 term at University of Phoenix.

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Xeco212.Wk7.Checkpoint. - house by then they will know what...

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