Question

Rachel is deciding whether to remain in the home she has lived in for the past ten years, which is located very near her work, or to move into a newer home that is located in the suburbs further from her job. The old house was purchased for $160,000 and has a market value of $220,000. The new home can be purchased for $285,000. Which of the following is not relevant to Rachel's decision?

a. Driving distance to work
b. Cost of the old house
c. Market value of the old house
d. Cost of the new house

Answer 1

Cost of the old house is not relevant to Rachel's decision .

Option B

Explanation:

In this scenario, Rachel’s decision is not related to Cost. Rather, Sellers had benefits in most real estate markets due to a shortage of houses for sale in the United States. But so many vendors do not know that they would probably cost hundreds of dollars in this payment.

People are not alone, every day, if people driving long distances to their workplace. ABC News estimates that the average Americans work about 16 miles per direction, with a regular trip of almost an hour.