Rent or Buy? Family and consumer sciences

"A realtor is not a salesperson. They are a matchmaker. They introduce people to homes, until they fall in love with one. Then they are a wedding planner."

BEFORE YOU START

Inform yourself of the different advantages and disadvantages of either renting or buying by reading through the six articles, the infographic, and watching the four videos, posted below.

PART ONE

You will draw from a hat where in Kansas you will be living. Your options are: Kansas City, Leavenworth, Lawrence, Topeka, Manhattan, Emporia, Wichita, and Dodge City.

PART TWO

You will draw from a hat how much money you will make. Your options include: $26,000, $60,000, $95,000, $150,000, $280,000, and $350,000.

PART THREE

You will need to find a job that corresponds with where you live and how much money you make. Then, you will need to find appropriate housing (either an apartment, or a house, including any land that may come with the house). Decide if you will rent or buy, and be able to explain the reasoning behind your choice. You will write your answers in the form of a 2-3 page paper (double spaced). Answer these additional questions in your paper: What were some advantages you found when deciding to either buy or rent? Disadvantages? What made you decide to rent or buy? What real world lessons did you learn from this assignment?

An average college rental home in Manhattan, KS
Created By
Erica Schmitz
Appreciate

Credits:

TaxDonut www.taxdonut.co.uk Flowchart http://www.businessinsider.com/buy-or-rent-a-home-flowchart-2016-7 World Atlas – Map of Kansas with Major Cities http://www.worldatlas.com/webimage/countrys/namerica/usstates/cities/ks/ksmjcity.htm Famous Architecture of San Francisco https://doublefresh.wordpress.com/2010/05/24/day-13-famous-architecture-of-san-francisco/

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