Category Archives: Exercise 1 simulation

Buying Into It: Relocation for Suburban Schooling

In my assigned profile, I earn $54,000 in gross annual income. I have $10,000 in savings and $400 in monthly debt. According to the CNN Money affordability calculator, I could afford to purchase a home between $190,560.68 and $208,855.60 with … Continue reading

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Home Buying Simulation: The Hardships

Buying a home at 20 years old is not easy. My annual gross income was $54,000; I did not have any debt and had $2,000 in savings. This may seem ideal, but I did not have a car, which made … Continue reading

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Housing Simulation

My assigned profile was: Yearly income: $30,000 Monthly payments: $200 (student loan) Family of four, including two children, one going into 3rd grade, the other 6th. With a mortgage rate of 4.25%, I calculated the loan I could receive with … Continue reading

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Home Buying Simulation

During this simulation, I was given an annual income of $30,000 which breaks down to $2,500 a month as income. For a downpayment, I had saved $5,000 dollars but had a debt of $100 a month to pay for a … Continue reading

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Home and School Buying Simulation

For this Home and School Buying Simulation I was given $30,000 in annual income, $2,000 for a down payment, no car, and no monthly debt. Through the use of an online mortgage calculator, I estimated that with my income I … Continue reading

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Home Buying Simulation

After completing the home buying simulation I learned that buying and renting a house can be difficult as you need to factor in all of the limitations that are present when purchasing a home. My particular annual gross income was … Continue reading

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Home (and School) Buying Simulation

For the home and school buying simulation, my profile fell somewhat towards the middle of the pack. I had an annual gross income of $42,000,  a $10,000 savings, ownership of a vehicle and monthly debts of $400. This gave me … Continue reading

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Home Buying Simulation

My annual gross income was $24,000, I had no debt and I had $5,000 in savings, which allowed me to spend a minimum of $51,397.94 and a maximum of $71,725.63 on an apartment or house. Since my price range for … Continue reading

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Emily M. Home Buying Simulation Exercise

As a sophomore in college, I never thought I would need to know how to purchase a home for a family and myself.  This exercise gave me the opportunity to simulate the experience of buying a home, and therefore “buying” … Continue reading

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Home Buying Simulation

After completing the home buying simulation, I have come to realize that buying or renting a home is a difficult and frustrating process. In the Greater Hartford area, towns such as East Hartford, Manchester, and Glastonbury all are surrounded by … Continue reading

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Home Buying Simulation

Throughout this exercise I learned a number of lessons.  My annual gross income was $42,000 which allowed me to spend a minimum of $136,774 and a maximum of $167,265 on a house and or apartment.  I found there was a … Continue reading

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Home Buying Simulation!

The home buying simulation taught me about the options available for someone on a tight budget and how where one can afford to live correlates directly with their access to schooling. My annual income for the simulation was 24,000 dollars … Continue reading Continue reading

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Home Buying Simulation Reflection

After having been assigned to research suitable and affordable homes to both purchase and rent for someone whose gross annual income amounts to $42,000, free from monthly debt payments but without a car to travel to and from work, I … Continue reading Continue reading

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Housing Stimulation

The housing stimulation was interesting to me, especially when considering interest rates and mortgages. In the end, interest paid was almost 3 times my annual gross income. Then, to look at school districts after selecting houses was very discouraging. First, … Continue reading Continue reading

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Home (and School) Buying Simulation

As someone who is not familiar with the Connecticut School Systems, I found many challenges while gathering the data to compare the quality of education for Hartford and the surrounding towns. I grew up in Chicago and attended public schools … Continue reading Continue reading

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Home Simulation Assignment

Objective: Given a demographic profile of a Hartford family, how would you obtain information and make decisions about buying versus renting in the city or surrounding suburbs, and the type of school your child would attend? For this particular home … Continue reading Continue reading

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Simulation

Test to link RSS feed for EDU 308 course at Trinity College Continue reading

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Housing Simulation Results and Reflection

Results and Reflection: The home buying simulation exposed me to the world of home ownership and mortgages. I realized that finding a home involves considering other factors besides how many bedrooms the home contains and what the home looks like … Continue reading Continue reading

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Housing Simulation Results and Reflection

Results and Reflection: The home buying simulation exposed me to the world of home ownership and mortgages. I realized that finding a home involves considering other factors besides how many bedrooms the home contains and what the home looks like … Continue reading Continue reading

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Home Buying Simulation Reflection

This home buying simulation I felt has given me the opportunity to research possible residential venues all throughout Connecticut suburbs solely based on a specific given criteria. I was assigned the Family Profile #3 which consisted of two children (grades … Continue reading Continue reading

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