[Online Document Assignment:]
EIA Activity: The Great American Housing Bubble
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: In the spring of 2015, it was 30% cheaper to buy a home than rent a home in Sarasota, Florida.
| A. |
| B. |
True or False: In the spring of 2015, it was 20% cheaper to buy a home than rent a home in Los Angeles, California.
| A. |
| B. |
True or False: In the spring of 2015, it was 5% cheaper to buy a home than rent a home in San Francisco, California.
| A. |
| B. |
True or False: In the spring of 2015, it was 39% cheaper to buy a home than rent a home in Detroit, Michigan.
| A. |
| B. |
The decision to rent or buy a home depends on which of the following?
| A. |
| B. |
| C. |
| D. |
| E. |
Assume you found your dream home priced at $350,000. How much would a 20% down payment be on the home?
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| B. |
| C. |
| D. |
Discussion Questions:
Why is buying a home still considered part of the “American Dream"? Discuss.
Discuss the pros and cons of renting a home versus buying a home.
Today, if you could afford to buy a home rather than rent a home, would you? Discuss.
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