The way person’s employment and household situation influence the selection of housing. Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Expert Solution & Answer

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

The maturity value of an $35,000 non-interest-bearing, simple discount 4%, 120-day note is:

Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $18,905 at 10% for 4 years. Use ordinary interest as needed. Calculate the simple interest note proceeds. Calculate the simple discount note proceeds.

What you're solving for Solving for maturity value, discount period, bank discount, and proceeds of a note. What's given in the problem Face value: $55300 Rate of interest: 10% Length of note: 95 days Date of note: August 23rd Date note discounted: September 18th Bank discount rate:9 percent

Answer 2

Question

Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Expert Solution & Answer

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Expert Solution & Answer

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Expert Solution & Answer

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Expert Solution & Answer

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.

Answer 6

Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Expert Solution & Answer

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.

Answer 7

Chapter 9, Problem 9.1PQ1

Summary Introduction

To explain:

The way person’s employment and household situation influence the selection of housing.

Introduction: Housing refers to the infrastructure or a building where a family or an individual lives. It is among one of the necessities of people and there the people should able to meet the federal regulations. Housing includes huge amount to be involved which makes it as an investment.

Answer 8

Expert Solution & Answer

Answer to Problem 9.1PQ1

Solution:

The person’s employment and household situation is directly related to the selection of housing which implies greater house selection for greater employment level and greater household needs.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

An employed person with greater household needs would require greater housing facility.

The increase in employment level would imply greater level of income, and the greater level of income would mean a person’s greater ability to buy or select the bigger house.
The greater amount of household need would mean greater expenses and more number of people in a family which would require bigger space to live, so greater or bigger home would be selected.

Thus, the greater employment level and greater household needs would influence the selection of greater house selection and vice versa.

Answer 12

Ch. 9 - Prob. 9.1PQ1 Ch. 9 - Prob. 9.1PQ2 Ch. 9 - Prob. 9.2PQ1 Ch. 9 - Which components of a lease are likely to be most...Ch. 9 - Prob. 9.3PQ1 Ch. 9 - Prob. 9.3PQ2 Ch. 9 - Prob. 9.3PQ3 Ch. 9 - Prob. 9.3PQ4 Ch. 9 - Prob. 9.3PQ5 Ch. 9 - Prob. 9.4PQ1

Concept explainers

Answer to Problem 9.1PQ1

Explanation of Solution

Want to see more full solutions like this?

Chapter 9 Solutions