John and Frieda Martinez live in Roanoke, VA. They have a daughter, Olivia (age 3). John (age
30) teaches full-time at the local high school, and Frieda (age 29) is a business management
consultant. They are currently renting an apartment, but they would rather own a house in which to
raise their family. They would like your financial advice on whether they should purchase a house
or continue to rent an apartment.