Housing Quiz

When looking for a place to live, you should consider which of the following factors?

• Location
• Square footage
• Number of bedroom
• all of the above

An advantage of renting is

• You own the home
• You can change whatever you want
• You have fewer responsibilites
• High interest rates on your mortgage

Joey makes $83,000/yr and his wife Alyssa makes $61,000/yr. What is the maximum they should spend when buying a house?

• $360,000

• $290,000

• $231,000

• $386,000

Nikki makes $2,450 a month what is the maximum amount she should pay in rent.

• $735

• $1050

• $800

• $632

When buying a home, what are some things you can make changes to if you buy it? Select all that apply.

• color of the walls
• brand of applicances
• location of property
• landscaping

Where can you find what changes you can and cannot make to your apartment?

• your lease
• on the yelp page for your leasing office
• in a print out on the fridge
• from your mortgage lender

Leslie has been saving and wants to buy a house. She put an offer of $150,000 on a house and was accepted. She is making a down payment of 20%. What amount is her loan going to be?

• 120,000
• 150,000
• 30,000
• she paid off her loan in full

When thinking about sharing a dorm or an apartment with a friend, you should consider: (Select all that apply).

• their sleeping habits
• your cleaning habits
• their work schedule
• What you will both bring for your shared space

It is important to lock your dorm door whenever you leave your room.

• true
• false

A friend is always a good roommate!

• true
• false