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

I would choose C, basing on reality, while using math, you have 60%, let’s assume the rent is 1000, you have 600, with a roommate, you’ll pay 50-50, saving 100 and you’ll have your apartment

Answer 2

The correct answer is C. Rent the apartment with a roommate.

Explanation

According to the problem presented, the best option for John is to live with a roomate because, in this way, he and his roommate can pay the rental of the apartment every month without delay and John does not have to abandon his desire to live in this city. This is because by living with a roommate John would have to pay 50% of the monthly rent which fits with his current budget (60%), this means John can still live in the place he wants without the need for extra money. Also, because his budget is limited buying a house is not a recommended option. Thus, "rent an apartment with a roommate is the best" because it adapts to John's budget and prevents him from borrowing or giving up living in the city. So, the correct answer is C. Rent the apartment with a roommate.