Unformatted text preview: originally planned when we got the apartment. The additional cost is going to be in moving, maintenance, insurance, and house payment. A plus to the move is that we will save money in areas like transportation being that we are closer to all of the places that we need to visit. By purchasing a house we are acquiring something that will have equity which will give us a solid foundation in our future. To stay in the apartment would not benefit our family and paying rent is money that we are just throwing away. Putting our money into a new home is building equity in our home. After evaluating our whole scenario it is evident that the trade off is a long term benefit do to the equity we will build in the home and the money we will save in transportation cost. Reference Mankiw, N.G. (2007). Principles of economics (4th ed.). Mason, OH: South-Western Cengage Learning....
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- Spring '11
- Economics, Mankiw, English-language films, current situation