Question Description
Please see attachment for requirements. Listed is the Topic:HomeBuying Decisions Peter wants to buy a house. Ads say that he can get asubprime rate, ARM, extended loan, and other buying options. You are asked tocome in and analyze this for Peter, but you need to get your arms around thissituation. Before you start your study, you decide to research what happened inthe housing market in 2008. Why did it happen? What were the community issuessurrounding this economic decline? Briefly explain the social and economictrends in home buying along with graphs that show home purchases over the pastdecade. What is projected for the future? Peter has $100,000 to put down on thehome. He earns $80,000 per year. You are to provide a quantitative analysis ofpurchasing, interest rates, and the growth potential of the home. Whatlocations are good? What is a good investment? Although his job is in Irvine,California and he would like to reside in Orange County, he does not think thatis possible. Give Peter four specific housing options from your researchon homes in Orange County with the financial breakdown for his buying decisionmaking. Where he can live? What should he do? Why?
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