Hubert Hubert is in his mid-60s and currently lives in Boston; his wife passed away six months ago. He's now considering moving closer to his children in Denver. His retirement income, investments, and inheritance are sufficient to make his current bills require only 35% of his income. He is young for his age, and he enjoys performing or dealing with necessary maintenance tasks around the home. Based solely on these factors and assuming that everything else remained constant, should Hubert rent or purchase? Purchase Rent Clancy Tools Clancy is inclined to purchase a new home but is concerned about the potential changes to the tax code. Recent newspapers have contained several articles about potential of modifying the U.S. tax code to eliminate the mortgage interest and closing cost. deductions. If the Interest Clancy paid on his mortgage and the closing costs paid in the origination of his mortgage were no longer tax-deductible, then the total cost of buying his home would change. Based solely on these factors and assuming that everything else remained constant, should Clancy rent or purchase? Rent O Purchase Several financial or economic factors are relevant to the rent-or-buy decision. From the following list, identify the financial or economic factors that should be considered when performing this analysis. Check all that apply. A desire for privacy and control over a part of your life Current and expected future housing-related tax deductions Current and expected future housing prices