Problem: Mr. James is planning to buy a new house in a good locality. He has lived all his life on rent and this is the first time he will be buying a house. He has two kids Alan and Sia, his wife is a homemaker. Mr. James has a lot of friends in the current society but it doesn't have a garden, safety devices, or security. James has made professional progress so the budget is not a constraint. According to you, what are the various factors that will influence James in buying a house? (You can make certain assumptions).
Answer this question in not more than 1000 words.