
Tom and Tammy Jones have been renting a house for 5 years. They have been saving money to buy a house for their family and have over half of the down payment set aside.
The house the Jones’ have ...
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... been living in has been sold and they are trying to figure out what to do. They are considering the following options:
Move in with Tom’s parents, who live nearby. With the low room and board they will pay, they should be able to buy a house within a year.
Rent a house. Rental prices have gone up, so if they do this, they will not be able to add to their down payment account.
They could move to a less expensive town, which will add 45 minutes each way to Tom’s commute. They will be able to add to their down payment account and should be able to buy a house within 3 years.
What should the Jones family do? Discuss your reasons for making the choice you did.

I would suggest moving in with Tom's parents until they are able to get on their feet financially. Not only will they be able to save a down payment to buy a home, but they will also be helping his ...
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