Yamada's Decision Problem

The Yamada family is relocating to the Charleston area and plan on purchasing a 4 bedroom 2.5 baths home but is undecided on which area to buy their new home. After a considerable house hunting, the family narrowed down to homes in the following areas: James Island, Mt. Pleasant, and West Ashley. The family has a budget of $475,000 and is capable of making up to 15% down payment on their new home.

Required

A.Where should the family buy their new home and how much down payment should they make?

B.Identify at least three alternatives location that the family should consider. Discuss the alternatives and factors that the family should consider in making their decisions.

C.What should the family do? Explain why the alternative that you selected might be preferable to the others