Clara Wants to Buy a House but Doesnt Want a Roommate Now CRITICAL THINKING: Part1:(Both parts are

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Clara Wants to Buy a House but Doesn’t Want a Roommate Now CRITICAL THINKING: Part1:(Both parts are due by 02/19/2023) 50 Points- 300 words D3: Clara Wants to Buy a House but Doesn’t Want a Roommate Now. Read and think about the choices being made. Do you agree or not, and why? Students discuss in detail the choices being made. Clara Foster has saved $10,000 toward a $20,000 down payment on buying a home. She puts aside $300 a month in her house fund and is currently renting a one-bedroom apartment on her own for $1,300 a month. If she rented a two-bedroom apartment with a roommate, she could reduce her rent to $900 a month. While having a roommate is not Clara’s favorite solution, she’d be able to build up her down payment for buying a house a lot faster if she were able to save an extra $400 a month. If Clara stays on her own and her finances remain the same, it will take her about 2 ¾ years to put aside the needed additional $10,000. In contrast, if she set aside the rent saved by getting a roommate, she would have the needed $10,000 in about only 14 months. Doing without a roommate at this stage in Clara's life is costly. Additional comments: The case demonstrates the kind of tradeoffs that are necessary to maintain and achieve a financial plan. There are others issues that could be raised. For example,

how would Clara feel if she did not get along with her roommate? Or if she does get along well, how will she feel moving out on the roommate when she has her down payment saved? Personal choices almost always have a financial impact.

Part2: Please respond to at least two other classmates in our class by Sunday, 02/19/2023. Each response must be at least 150 words. (50 points) Please note, use correct grammar/punctuation