# credit card debt...

**URL:** <https://forums.speedlife.net/t/credit-card-debt/20706>\
**Category:** NYSpeed Off Topic\
**Created:** [November 27, 2006, 6:28am UTC](https://forums.speedlife.net/t/credit-card-debt/20706 "2006-11-27T06:28:14Z")\
**Posts on this page:** 1\
**Showing post:** 36

<div class="post-metadata">

**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [November 27, 2006, 7:27am UTC](https://forums.speedlife.net/t/credit-card-debt/20706/36 "2006-11-27T07:27:07Z")

</div>

> [@K Cuv](#):
>
> i love when people say this - it usually means they know nothing about real estate…an average of a 2% return per year is not the best investment haha…most people that say its the best investment just say it because they heard some other person say it before and want to sound smart

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.

---

_[View the full topic](https://forums.speedlife.net/t/credit-card-debt/20706)._