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The Munsters have been saving money in order to buy a house. They figure that, given current interest rates, they could afford a $ 4
The Munsters have been saving money in order to buy a house. They figure that, given current interest rates, they could afford a $ home. Before looking at houses on the market they decide to explore the possibility of building a new home. The Munsters figure they could buy a suitable lot for $$$ At a minimum they want to build a squarefoot house. The cost for a house of the quality they desire is $ per square foot. Given this information, should the Munsters pursue the option of building a new house?
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