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November 9, 2021

Finance

This exercise is about coming up with (i) a rough estimate of your monthly expense on a home you are purchasing and, through actual real estate market research given your own house hunt criteria, (ii) how your estimate looks compared to the monthly payments based on how the market values what you want.

From there, you may find that your house search criteria lead to something that is more/less than what you are willing to pay. Especially when your estimation falls short (the usual case), what changes are you willing to make in order to get that dream house (e.g., less dining out, consider a house with fewer rooms, cut back on clothing expense, etc.)?

Please provide your answers to the questions in the attached document. When providing your answers to 1c and 2b, please share with me your Excel code line.

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