Refer to Exercise 10.31 (page 508), where the relationship between the size of a home and its selling price is examined.
hsize
Suppose that you have a client who is thinking about purchasing a home in this area that is 1500 square feet in size. The asking price is $140,000. What advice would you give this client?
Answer the same question for a client who is looking at a 1200-square-foot home that is selling for $100,000.