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Financially a house is a much more wise option of course due to the fact that it is an investment that can give good returns but some people may not have enough money to put down on buying a home straight out of college. Beyond that many of us move often and so buying a house would not be reasonable because if you end up selling 2 years down the line it would be pointless. Due to those reasons, I purchased a car I like which wasn't that expensive anyway. I paid the same price as someone who buys a brand new Accord.
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