PFIN 5th Edition by Randall Billingsley,Lawrence Gitman,Michael Joehnk

Exercise 5

Interpreting the rent ratio. Dean Dupree has equally attractive job offers in Chicago and san Francisco. Dean would really like to buy rather than rent a home after he moves. Explain the relative attractiveness of moving to Chicago rather than san Francisco based on the data portrayed in Exhibit 5.3 and in light of Dean's stated goal.