credit card debt...

Well, it’s an easy and truthful statement to anyone who doesn’t own a house.

  1. Build equity instead of flushing rent down the drain.
  2. Tax writeoff
  3. Home equity loans
  4. Better rates on other loans (because you’re a responsible howeowner).
  5. If you buy right, housing values seldom go down (mine has gone up 25k in four years with few improvements).

Lets compare to the other thing he’s thinking about investing in, a car.

  1. Lotus is rare, so if you buy it and store it the depreciation won’t be as bad as a normal car.
  2. He drives it, and is talking about modding it, and it’s newman so you know it gets driven, so #1 goes right out the window.