Paul is a newly graduate student. He is weighing on whether to buy a house or rent one. Suppose he earns $50,000 gross income a year and lives close to where you are at. What recommendations fo you have?

- pros and cons based on Paul's situation

- Which choice would best benefit Paul in a short run? How about in a long run?

- Are there any federal and/or local government benefits that Paul can use should he decide to buy his first house? How about being a first-time renter, will there be any benefits? During the still on-going pandemic, are there any additional benefits Paul can utilize for buying?

new information:

What are the pros and cons of each choice based on Paul's situation?

Which choice is more beneficial Paul in a short run? How about in a long run?

Are there any federal and/or local government benefits that Paul can use should he decide to buy his first house? How about being a first-time renter, will there be any benefits? During the still on-going pandemic, are there any additional benefits Paul can utilize for buying or renting his house?