Buy vs Renting Research Paper

Buy vs Renting Research Paper Housing Decision: Should we rent or own a house Sugandha Amatya Narayan Deshar Rajesh Maharjan Suman Shrestha Bibek Tulachan Table Of Content (Jump to) Background Should Mr. X stay in a rented house or buy a house? Calculation of Rent Calculation of Cost of Buying House Calculation of Value Appreciation of Property Analysis of Gain or (Loss) between Staying in Rented House or Buying a House Conclusion    Background The Decision Problem The home ownership analysis to follow is intended to represent as realistically as possible as 2014 current market conditions in the areas two core cities of Kathmandu: – Jahmsikhel and Harisiddhi where the price is relatively low comparing to the first one. A quick survey/sampling of property in several housing areas in Jahmsikhel indicated that a house with market value of Rs 3.1 corer could be rented for approximately Rs 60,000 per month and the house with the market value of Rs 1.01corer in Harisiddhi could be rented for appro ximately for Rs 20,000 per month. Assuming that, there are two couples, each with Rs 40,000 per month. All two have the same gross income in salary and the filing status for income tax purposes. The first couple, designated as Owners,† purchases a home. The second couple, Renters†, decides to rent. The home buyers (Owners and Capita lists) are married and file joint returns. (Their income will be itemized later.) The market costs of their houses at Jhamsikhel is 3.1 corer and in Harisiddhi its 1.09 corer. (For tax purposes in Jhamsikhel Rs 75000 per year and for Harisiddhi it is allocated Rs 18,750 per month for the building.) In addition to that for the building insurance for Jhamsikhel @ 0.12% Rs 1500 per month and Rs 750 per month, Rs 5000 per month at Jhamsikhel and Rs 2000 per month at Harisiddhi, for maintenance cost at Jhamsikhel Rs 3000 per month and at Harisiddhi Rs 1000 per month is allocated. The Renters invest their Rs 20,000 in a money fund that yields 6% yearly. They reinvest the interest income into the fund each year. In the initial year, the Renters pay rent of same amount which is not changed of Rs 20,000. Throughout the 20-year period of the analysis, all variables increase annually at the 6% annual inflation rate. These variables include the couples’ salaries, loan service charge, and loan processing charge, property valuation charge, and mortgage loan payment, building insurance premium, maintenance cost, electricity, water and other utilities costs, depreciation on building, property tax and rental expenses. When discounting after-tax cash flows, we use a 6% interest rate that represents these couples’ market interest rate under inflation. Research Methodology: Research in common parlance refers to a search for knowledge. Once can also define research as a scientific and systematic search for pertinent information on a specific topic. Methodologyis the systematic, theoretical analysis of the methods applied to a field of study, or the theoretical analysis of the body of methods and principles associated with a branch of knowledge. In short, the search for knowledge through objective and systematic method of finding solution to a problem is Research Methodology. Research Objectives: The main objectives of conducting the following research are as follows:

Conservatism and Neo-Ottomanism of the Turkish Political System Essay

Conservatism and Neo-Ottomanism of the Turkish Political System - Essay Example Additionally, in contrast to the modernization movements of many of the governments in the post Ottoman Turkey, the Conservative ideology that has been adopted by the Turkish political system during the past decade (2002-2013) is largely opposed to the westernization of Turkey. For example, the conservatism themes of the Turkish governments within the last decade (2002-2013) has been characterized by a new form of nationalism, marked by attempts to conserve Turkish national values â€Å"ulusalclk† as well and social values such asexuality, family values, gender relations and religious values in the face of the current rapid globalization and perceived Europeanization (Yavuz, 2009). This has been particularly evidenced by the de-westernization and re-traditionalization of the Turkish society that has been witnessed in the country since the Justice and Development Party lead by Recep Tayyip ErdoÄŸan came to power in 2002. In a recent interview with Financial Times Newspaper, T ayyip ErdoÄŸan described his party’s vision and ideology as seeking to establish a conservative democracy in Turkey which is attached to the traditions, customs and values of the contemporary Turkish society.Finally, despite the fact that the consecutive AKP led governments in Turkey since 2002 have always rejected any association with Islamism or political Islam as part of their ideology, the main ideology of the Turkish political system under the leadership of AKP has been primarily characterized by institutionalization of Turkey’s traditional and religious values

Safety Supervisors in the work place Essay Example | Topics and Well Written Essays - 500 words

Safety Supervisors in the work place - Essay Example Most of the accidents caused are directly related to unsafe practices and actions taken by people at workplace. In addition, ancestral causes, social environment, unsafe acts and mistakes lead to accidents or injuries at work place. Just by eliminating unsafe worker behaviors, often referred to as risk behaviors and ignorant behaviors, about 90% of the accidents at work place can be effectively prevented (Taylor, Easter & Hegney, 2004). To increase the safety at work place and to encourage behavior based safety, every organization has its own methodology which it follows. Some organizations lay very rigid safety measures to be followed without fail while some offer spot incentives for fun and get the behavior based safety measures maintained to the best. In few organizations, spot warnings are given to employees that commit defects of faulty and unsafe actions; extreme measures such as dismissal letters are also issued to the defaulters. To positively reinforce behavior based safety actions, supervisors incentivize their staff with goodies, applauds, appreciations etc. At an organizational level, such staff members can be rewarded with monetary incentives. As a safety supervisor, it is important to communicate safety methods and practices to all employees and ensure they understand the significance of safety and reasons for implementing such safety measures.