Write about it: Irite a paragraph (using a Word document) describing the needs of a 28-year old married couple expecting their first child. They have a combined income of $112,000. Compare their needs with those of a 23-year
old single person who is earning $56,000 a year. What suggestions do you offer as far as housing needs, amount
each can afford, location, etc? After you key the paragraphs, go online and find a house for each using the rule that
their house payment should not cost more than 25% of their net monthly income. Hint: Find the monthly income
and then remember to deduct about 20% for taxes. What's left is their net income. Then figure 25% of the
remainder as the limit for housing needs. After you find a house for each - copy a picture of it to the Word
document, a complete description, the address, the asking price, etc. You be the real estate agent and explain why
the house you chose for each is the right one!