1. Under the assumptions provided, what is the minimum holding period (in years) required for you to choose to own vs. rent in this scenario? 2. Imagine that inflation is higher than you anticipated. (For example, it ends up being 4% instead of 2.5% ). Qualitatively, how would this impact this model? (Discuss at least 3 items that would change if inflation was higher.) 3. Imagine that you are not able to secure mortgage for 7% and must pay 9%. Qualitatively, how this would impact this model