After annotating Final Exam Practice text 1: “Should You Rent or Buy a Home in NYC?” by Isabel Galupo on Perusall, write a summary of the article by replying to this/ my post.
Be sure to include the title and the author’s name, as well as at least one citation and several paraphrases from the article.
12 thoughts on “Final Exam Practice: Summary/ Text 1”
Should You Rent or Buy a Home in NYC?
In the article “should you rent or buy a home in NYC?” by Isabel Galupo, Talking about one of the most popular questions among adults. Should you rent or buy an apartment/house? There is no single answer to this question, but the article directs us to the correct answer through an analysis of important questions related to making the decision. There are a few things to consider, for example are we interested in outside help? for example, from the parents. Financial help can greatly help to buy the house we want, on the other hand, it legitimizes other people to be “partners” in the decision. Therefore, such a situation can help but also make it difficult.
Financial considerations are very important, for example should you a home equity loan/ mortgage? You need to assess your financial situation in all respects, expenses, loans, income, debts, etc. also, you need to consider taxes, insurance and more. All of this of course affects the decision, and all of this should be taken into account.
All of this should come in conjunction with an understanding of what the future holds for you in terms of work. It all comes down to the financial situation in the end, do you stay at work? Will the salary go up or down? All of these are very important to understand how much you can commit to. In addition, family changes are also very important, do you intend to expand the family or are you expecting a child, all of this will affect the final decision.
After taking all these things into account, you need to understand how to move forward. The next trick is to check out the current New York market. You need to do some research to know the average sales prices and rental rates. It is true that there are many factors that you have no control over and that directly affect your decision, but these are all things that you can check and prepare yourself better.
In conclusion, this is undoubtedly an important decision. According to the article, you should start researching all the things discussed in the article, people involved, financial situation, plans, what is the appropriate time. The article concludes that after we have examined these things the most important question is why? What is the reason why you want to buy or rent an apartment? These will lead you to the most correct decision for you.
Should You Rent or Buy a Home in NYC
Mariana: great. I made a few corrections in the first few sentences. Plus: missing a quote from the text + your paraphrase and analysis.
Should You Rent or Buy a Home in NYC?
In the article “Should you rent or buy a home in NYC?” by Isabel Galupo, the author talks about one of the most popular questions among adults. Should you rent or buy an apartment/house in NYC? There is no single answer to this question, but the article directs us to the correct answer through an analysis of important questions related to making the decision. There are a few things to consider, for example are we interested in outside help? for example, from the parents. Financial help can greatly help to buy the house we want, on the other hand, it legitimizes other people to be “partners” in the decision. Therefore, such a situation can help but also make it difficult.
Financial considerations are very important, for example should you a home equity loan/ mortgage? You need to assess your financial situation in all respects, expenses, loans, income, debts, etc. also, you need to consider taxes, insurance and more. All of this of course affects the decision, and all of this should be taken into account.
All of this should come in conjunction with an understanding of what the future holds for you in terms of work. It all comes down to the financial situation in the end, do you stay at work? Will the salary go up or down? All of these are very important to understand how much you can commit to. In addition, family changes are also very important, do you intend to expand the family or are you expecting a child, all of this will affect the final decision.
After taking all these things into account, you need to understand how to move forward. The next trick is to check out the current New York market. You need to do some research to know the average sales prices and rental rates. It is true that there are many factors that you have no control over and that directly affect your decision, but these are all things that you can check and prepare yourself better.
In conclusion, this is undoubtedly an important decision. According to the article, you should start researching all the things discussed in the article, people involved, financial situation, plans, what is the appropriate time. The article concludes that after we have examined these things the most important question is why? What is the reason why you want to buy or rent an apartment? These will lead you to the most correct decision for you.
Making your mind up about renting or buying a home is a tough decision to make. To help decide about that issue, some questions were asked and answered to help unravel this debate. According to the article, Should you rent or buy a home in NYC?, here is what we find out. Being considered a source of success, every adult wants to have their own home. It doesn’t matter if it’s a self-owned or rented house. especially since each of the two is beneficial in its own way. On the other hand, a personal choice must be made between the two options by considering who is involved in this decision. Moreover, you have to think about the fact that living alone is synonymous with being responsible for all expenses, and living with someone else means having fewer expenses. While buying a home requires more money in view of the high cost and is a question of buying to own it, renting is easier since the rent is to be paid each month and only requires monthly savings. To decide whether to rent or buy a home in NYC, consider your future plans, assess your finances, and research the current market. This includes understanding average prices and rates and investigating mortgage rates. Staying informed can help you make an informed decision and avoid unexpected costs. When deciding to rent or buy, you have to be motivated. That way, it will help not to be under pressure and to be able to move forward.
Khar: excellent. Be sure to put your article title in quotation marks (“…”) + the author’s name.
Also, include at least 1 quote, your paraphrase + analysis.
The decision to rent or buy a home is a personal one, with no one-size-fits-all solution. While homeownership is frequently associated with success, long-term renting can provide an important sense of stability. Think about who will be making the decision to rent or buy a home with you. If you go it alone, you will have complete control over your future home but will bear the cost on your own. If you have a family or someone else helping you with the down payment, it may mean financial advantages but also compromises in making decision. Make a list of your top concerns and discuss them with others to figure out whether renting or purchasing is the better option for everyone involved. When deciding whether to rent or buy a home, finances are a key factor. While purchasing a home has upfront costs, it can eventually balance out and allow you to build equity. Renting, on the other hand, requires less money up front and may be more beneficial for those who want to save. Before making a decision, consider your current financial situation as well as your long term goals. when deciding whether to rent or buy a home, it’s important to consider your future responsibilities and anticipate what your life could look like in a year or more. If you’re feeling pressured to buy a home, remember that success can be defined on your own terms. If you have the money but are unwilling to buy, consider taking a risk and reconnecting with your true desires to guide your decision.
In the article “Should You Rent or Buy a Home in NYC?” by Isabel Galupo, the author discusses whether people should buy or rent a home now. Here are some suggestions. The decision to rent or buy a home is a personal one, with no one-size-fits-all solution. While homeownership is frequently associated with success, long-term renting can provide an important sense of stability. Think about who will be making the decision to rent or buy a home with you. If you go it alone, you will have complete control over your future home but will bear the cost on your own. If you have a family or someone else helping you with the down payment, it may mean financial advantages but also compromises in making decision. Make a list of your top concerns and discuss them with others to figure out whether renting or purchasing is the better option for everyone involved. When deciding whether to rent or buy a home, finances are a key factor. While purchasing a home has upfront costs, it can eventually balance out and allow you to build equity. Renting, on the other hand, requires less money up front and may be more beneficial for those who want to save. Before making a decision, consider your current financial situation as well as your long term goals. when deciding whether to rent or buy a home, it’s important to consider your future responsibilities and anticipate what your life could look like in a year or more. If you’re feeling pressured to buy a home, remember that success can be defined on your own terms. If you have the money but are unwilling to buy, consider taking a risk and reconnecting with your true desires to guide your decision.
Excellent, Bobo!
Add a quote, your paraphrase and analysis.
Also, add a concluding sentence, along the lines of: in the end, this decision is up to you.
Should you rent or buy a home in NYC? by Isabel GalupoIs
Is not a “one size fits all decision.” In Isabel GalupoJan’s article, you will be introduced to reasons and decisions in comparing “buying vs. renting,” which is better for you?
Isbell suggests to first evaluate your lifestyle, finances, and needs and anticipate your future. Are you planning to start a family? Are you planning to stay at your current job? Or are you planning to change jobs or cities? How flexible do you want your life? When renting you are only responsible for your utilities (water, electricity, ect) vs. Buying where you are responsible for upkeep and maintenance, taxes and insurance. Buying vs. Renting is a big decision that will have a complex positioning for pivoting your future and lifestyle, so you must consider all aspects before deciding is “Buying vs. Renting” best for you?
The article “Should you rent or buy in NYC?” by Isabel Galupo introduces us to reasons and decisions in comparing “buying vs. renting,” which is better for you?
Galupo suggests to first evaluate your lifestyle, finances, and needs and anticipate your future. Are you planning to start a family? Are you planning to stay at your current job? Or are you planning to change jobs or cities? How flexible do you want your life? When renting you are only responsible for your utilities (water, electricity, ect) versus buying where you are responsible for upkeep and maintenance, taxes and insurance. Buying vs. Renting is a big decision that will have a complex positioning for pivoting your future and lifestyle, so you must consider all aspects before deciding is “Buying vs. Renting” best for you?
The decision to buy or renting an apartment is one of the most difficult choices that an adult can make it. According to the article “Many of us may have been taught from a young age that home ownership is synonymous with success. However, being a longtime renter can offer its own kind of stability that shouldn’t be discounted.” This is a very individual choice. Each people has its own priorities.
One important part of making this decision is knowing who you’ll be living with if you’re planning to move with someone. Living by yourself could mean more privacy and freedom but it also means heavier expenses. While having people to help you could make your dreams to buy a house come true it could mean more responsability with these people. It’s important to have it clear some specifics characteristics that what you will not be flexible about to discuss with the others that will be involved in the process.
Your budget is a extremely important topic to consider when buying or renting a home. It’s important to know all the costs you’ll have if you decide to buy, not only for the downpayment but for all the costs that come after that. The author cite a “tipping point calculator” that in her words “can help you determine how many years you have to live in a home for it to be cheaper to buy than to rent in NYC.” So, it might be worth it to rent after all.
Owning a house has its benefits as building an equity, which can help you in many ways; financial crises, loan for house improvements, etc…on the other side renting requires a lot less money for downpayment and your monthly expenses will be much lower. It can also be a good way to save money and invest.
Also, it’s important to consider not just your currently goals but your longterm as well. Even though we can’t predict the future it’s important to have plans, for example if you’re planning to start a family, have a job security it would be a good timing to consider buying a house. On the other hand, if you plan to change career, or move to a new city it would be good have the flexibility that renting offers you.
After all that, it’s time to consider the NYC market. It’s important to have a wide knowledge about the price for sale and renting that way you could choose wisely since you’ll be very informed.
Another important point to consider is the reason you want to rent or buy a house. If it’s something you’re doing for yourself it’s an awesome decision but if it’s just because of status or family pressure is better to rethink your choices.
Karolyne: great.
Add the full title and name of author in the first or second sentence.
Paraphrase and/ or analyze your quotes more. You do this a bit, but give us more.
Finally, add a concluding sentence–what final advice that the author give?
1: In the article “You Should Sent or Buy a Home in New York’’ by Isabel Galupo, she touches the topic of what if people should rent or buy one of the discussions that are hard to resolve. In the curse of the article galipot talks about what it could be the best option for you, and how you should take in consideration your individual situation in the present and future. Galupo try to show how you should not think in others perception or opinion when you are about to make a big decision like rent or buy. As Galupo said “you need to take a moment to connect with what you really want and that will take you in the best path,’’ Galupo tries to let you now that the best thing between rent or buy is what you really desire.