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Buying Decision - a New House Essay Example | Topics and Well Written Essays - 1750 words

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Buying Decision - a New House - Essay Example

Key words: House, Economy, Domestic Economy, GDP - Gross Domestic Product, BEA - The Bureau of Economic Analysis, purchasing power, inflation, international trade. John & Tia are living in a rented studio apartment at a location near to their offices and commercial area which is ideal for them. However, they are expecting a baby and require bigger space to have room for baby’s nursery and a location that is near to clinic / hospital, school, nurseries, day care centers and other social service offices they might need to consult after they have the baby along with continuation of their respective careers. Both to-be-parents are confused whether to rent a bigger place or make the ultimate investment of buying their own house in an economy that is gradually improving from recession. This is a major investment for the couple that requires a substantial financial expenditure which is going to alter their financial position, spending habits, saving percentage etc.