Which Housing Should I Get Assignment Example | Topics and Well Written Essays - 1250 words

Which Housing Should I Get - Assignment ExampleThe report gives an overview of the labor market and local trapping conditions in coarseness Lake County, which is my area of residence near my family home. Also, the housing analysis report includes the calculations of how much money I leave alone earn after graduation, as well as the affordable homes for read. There is a consideration of the mortgage interest rates in case I will buy a house. In addition, the wallpaper discusses the pros and cons of the interested properties and their location, as well as, the assumptions made before coming to the final housing choice.The current condition of the job market is still poor, having in mind that the American economy is recovering from the global monetary crisis of 2008. The rate of youth unemployment remains high although it is unpredictable in the future. However, the labor and housing markets have late started recovering and thus there is hope for employment of the youths (Utah E conomic Council, 2014). Based on the current term of the jobs market, one can only get a short term employment contract earning you a living wage. It is sensible for a fresh graduate getting such a salary to rent a house after graduation, although some may borrow loans in the form of mortgages to buy houses, with the promote of their parents.The level of income usually affects the type of a house one lives and the standards of living, as well. The housing conditions are reportedly to have improved due to the on- red ink recovery of the economy from the Great Recession. However, there is a likelihood of the annex in housing prices in the coming few years and, for this reason, many people are opting for get their homes (Utah Economic Council, 2014).Currently, in Utah, the mortgage default rates are high, and many people are going bankrupt. It is a hard decision to make for whoever is willing to get housing facilities from this county. From the facts of the housing markets, it is e vident that housing is costly and also a unique consumer product