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Living Spaces A Group 8 Presentation Kristoffer Carino Peter Masangcay, Dean Tablang, Malena Walker Scenarios

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living spaces

Living Spaces

A Group 8 PresentationKristoffer Carino Peter Masangcay, Dean Tablang, Malena Walker

scenarios
Scenarios
  • You are a college freshman planning out your college career. Your tuition and books are covered but you have to take care of your own housing. A loan will be needed, so you compare the alternatives using annual worth analysis.
criteria
Criteria
  • Actual Housing
  • Transportation
  • Work
housing
Housing
  • Apartments
    • 4 total people, so $287.5 per month. But a $125 annual increase in rent
    • $175 monthly for food
    • Graduate in 4 years
  • Dorms
    • $3775.50 annual
    • Meal plan included
    • Graduate in 4 years
transportation
Transportation
  • Apartments
    • $5000 car, $30/month maintenance, 30mpg
    • Initial gas cost $2.50
    • Salvage value of $1500
  • Dorms
    • Bus/Train pass $58, with $2 increase every year
slide6
Work
  • In either case, 50% of your salary will go to help pay for your housing.
  • Apartments
    • Off campus job $9.00/hour, $100 raise every year, 8 hour work week
  • Dorms
    • On campus job $8.00/hour, $150 raise every 6 months, 10 hour work week
sensitivity analysis
Sensitivity Analysis
  • In the previous case the dorm costs were about $1500 less than living in an apartment. For this next case we modify the living situation to get a lower EUAC for apartment living.
  • For our scenario
    • Lower Rent Apartment
    • Lower Grocery Bill
    • Car given to you by parents
    • Slightly Higher Fuel Consumption
    • Higher Maintenance Costs
    • No Income accounted for.
helpful websites
Helpful Websites
  • www.yahoolocal.com
  • www.stp.uh.edu
  • www.csupomona.edu
  • www.consumerguide.com