1. Lease or Buy a House? Team 5 Kirstie Choza Akina Trinh Christopher Chock Leo Xu

2. The Proposal Let ’ s Assume we want to get a house, should we: Buy it, or Buy it, or Lease it? Lease it? Team 5 will discuss the possibilities and calculate the cost to get a better picture of the question “ buy or lease a house ”.

3. Procedure 1) Gather necessary data related to short term and long term loan rate, house price and lease rate. 1) Gather necessary data related to short term and long term loan rate, house price and lease rate. 2) Calculate various factors that may affect long term price, such as tax and inflation. 2) Calculate various factors that may affect long term price, such as tax and inflation. 3) Project 30 year expenses for various house configurations at a given city. (ex. LA) 3) Project 30 year expenses for various house configurations at a given city. (ex. LA) 4) Reach conclusion. 4) Reach conclusion.

4. Team 5 Members Kirstie Choza Kirstie Choza Akina Trinh Akina Trinh Christopher Chock Christopher Chock Leo Xu Leo Xu

5. Member Duties Data Mining and Analysis: Kirstie Choza Kirstie Choza Akina Trinh Akina Trinh Christopher Chock Christopher Chock Technology specialist: Leo Xu Leo Xu