Housing is usually the single most expensive line item in a person’s budget. There are two different ways to provide housing for yourself, you can either rent a home from someone else or purchase your own home. Each one has their own advantages and disadvantages. Below we’ll go into more details about each one of them.

For this activity, you will look at both renting and buy a home in the locations you selected to live in. Things to keep in mind when deciding on the size of a home to live in is how many people are you going to house. The more people you house, the larger of a house you need to secure.