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Lease or Buy a House?

Lease or Buy a House?. Team 5 Kirstie Choza Akina Trinh Christopher Chock Leo Xu. The Proposal. Let ’ s Assume we want to get a house, should we: Buy it, or Lease it?

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Lease or Buy a House?

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  1. Lease or Buy a House? Team 5 Kirstie Choza Akina Trinh Christopher Chock Leo Xu

  2. The Proposal Let’s Assume we want to get a house, should we: • Buy it, or • Lease it? Team 5 will discuss the possibilities and calculate the cost to get a better picture of the question “buy or lease a house”.

  3. Procedure • 1) Gather necessary data related to short term and long term loan rate, house price and lease rate. • 2) Calculate various factors that may affect long term price, such as tax and inflation. • 3) Project 30 year expenses for various house configurations at a given city. (ex. LA) • 4) Reach conclusion.

  4. Team 5 Members • Kirstie Choza • Akina Trinh • Christopher Chock • Leo Xu

  5. Member Duties Data Mining and Analysis: • Kirstie Choza • Akina Trinh • Christopher Chock Technology specialist: • Leo Xu

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