John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most cost effective way for John to buy a house in the suburbs?
- Finish the term of his apartment lease in the city and find a new home to purchase simultaneously.
- Move to the suburbs and rent a house for one year before purchasing a home.
- Break his lease once he has bought the perfect home.
- Break his lease and move to the suburbs immediately without identifying a home to buy.
Answer: Finish the term of his apartment lease in the city and find a new home to purchase simultaneously.
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