Indicate Your Assumptions and Calculations and Comment on Whether Buying

Indicate your assumptions and calculations and comment on whether buying versus renting would make more sense in the following scenario.The couple each grosses $4000 monthly income.They have $40000 saved for the house purchase and are currently renting a two bedroom aChapterment for $1500 a month.They want to purchase a two bedroom condo for $300000 ,which has monthly expenses as follows: property tax $220,heat $100,and condo fees $350.Consider closing costs,cash flow and other calculations to justify whether you recommend they buy,or not.

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