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Homework answers / question archive / If you are a homeowner, describe: [go to real estate websites (Zillow, Redfin, etc

If you are a homeowner, describe: [go to real estate websites (Zillow, Redfin, etc

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If you are a homeowner, describe: [go to real estate websites (Zillow, Redfin, etc.) to find out relevant information]

o             number of years of homeownership

o             how much your house has appreciated since purchase

o             average annual percentage increase since purchase

o             whether you are cost burdened (compare with 30% threshold)

o             your neighborhood is a buyer's market (cool) or seller's market (hot)

o             the reasons why you decided to buy a house

o             whether you think you made a good decision and why

o             whether you are satisfied with your living conditions

o             whether you have difficulty paying monthly payment during COVID

o             government policies that help homeowners during COVID

2.            If you are a renter, describe:

o             number of years of renting

o             how much your rent has gone up during these years

o             average annul rent increase since you/your family moved in

o             whether you are satisfied with your living conditions

o             whether you are cost burdened (30% threshold)

o             whether your place is protected by rent control

o             whether you have difficulty paying rent during COVID

o             government policies that help renters during COVID

o             whether you plan to buy a house eventually and explain the reasons of your decision

o             if you would like to buy a house, what are the hurdles towards your homeownership

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