Which of the following statements about ‘The Good, The Bad and the Ugly’ and ‘Financial Leverage’ sections of the lecture material are TRUE:

1. The rent v buy debate is essentially a comparison between the wealth created from renting your entire life and also regularly saving and investing versus the alternative of borrowing to buy a home and living in that home for most of your life.
2. The rent v buy debate indicates that buying a home is more likely to create more wealth than renting for your entire life.