Question
Consider a person with a house valued at $150,000, a mortgage rate of 11 percent, property taxes of 3 percent, miscellaneous expenses and depreciation of
Consider a person with a house valued at $150,000, a mortgage rate of 11 percent, property taxes of 3 percent, miscellaneous expenses and depreciation of 1 percent housing inflation of 7 percent, and the person is in the 30 percent tax bracket. If the housing inflation rate was raised to 8 percent, how much would the annual cost of housing change?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
