Rita is looking over her pay and expenses for the month of June. She earned $1,570.34 working as a meter maid and $588.99 working at Lucy's Diamond Shop part-time. Rita's housing expenses for June were $725.00 for the mortgage, $82.00 for insurance, $157.50 ' in real estate taxes. $102.45 for electricity and heating (gas), $49.32 for water and sewage, $45.00 for her cell phone. $29.99 for the Internet, and $246.98 for other repairs. Are Lucy's S ' housing costs within the 35% recommendation for her income? Jude is deciding whether to rent or buy a condo in Chicago. The rental is $2,500 a month. As a renter, Jude would not be responsible for the real estate taxes or repairs, but he would pay $180 annually for renters insurance and $3,894.54 annually for utilities. If Jude buys, he will have a $2,246 monthly mortgage payment, a $4,320 annual property tax, and an $800 annual homeowner insurance cost. Jude estimates repairs will require $850 annually. The utilities would be the same $3,894.54 annually as with the rental. If Jude wants to choose the option with the lower monthly housing expenses, should he rent or buy? How much will he save each month by selecting this option over the other