To avoid losing his job entirely, Manuel just accepted a downgraded position. It pays $25\%$ less and provides fewer benefits, including a substantially

lower end$-$of$-$year bonus. His current bills consume $93\%$ of his monthly income, and he has no savings set aside at this time.

Based solely on these factors and assuming that everything else remained constant, should Manuel rent or purchase?

Purchase

Rent

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 wily performing this analysis. Check all that apply.

Whether you want to deal with the repairs and maintenance of the home

Expected changes in home values over time

Current and expected future mortgage interest rates