XECO 212 Week 1 CheckPoint A New House Readiness
CheckPoint: A New House—Readiness
Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. This CheckPoint is designed to have you examine the decision-making process from the perspective of an economist. In your Final Project, you use these principles and other factors to make a final decision whether to buy a house.
Resource: Ch. 1 in Principles of Economics·
Due Date: Day 5 [post to the Individual forum]·
Consider the 10 Principles of Economics as outlined in Ch. 1 of Principles of Economics.·
Assume for this CheckPoint that purchasing a new home would be a major decision requiring a substantial financial outlay where the wrong decision would have long-term financial consequences.·
Submit a 250- to 300-word response addressing the following points:·