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Under normal circumstances, house. But you can lose big on a house nowadays, which nobody seemed to understand 6-7 years ago. Think about it, put 20% down on a house, finance the rest. That's a highly-leveraged position.
If you're single and moving around often, my recommendation is to get a decent car, brand-new Altima or Subaru or whatever, and save the rest like you're saving for a house. In general a person would rather have a nice house over a nice car. But that doesn't mean the time to buy a house is today....
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