Question

John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he really likes, but he can only afford about 60% of the monthly rent. What is the best housing option for John?

A-Purchase a home in the city center instead.
B-Rent the apartment anyway.
C-Rent the apartment with a roommate.
D-Purchase a home in the suburbs instead.

Answer 1

C-Rent the apartment with a roommate
Both will have to pay for 50% of the rent and this is within John's range of 60% of the rent.