Once Ira and Penny Achieved a More Solid Financial Foundation

Multiple Choice

Once Ira and Penny achieved a more solid financial foundation, they began to consider the purchase of a home. From a financial standpoint, a sound strategy for them to consider would be to

A) buy a large house in a modest neighborhood.
B) buy a house in one of the best areas of town, even if they can afford only a relatively small house.
C) buy a house that will minimize their total real estate taxes.
D) make sure that their house payments are less than the rent they were paying on their old apartment.