Re: House, or car?
Go for the house.
If you can rely on mass transit to get to your job and you're in a metro area, like others said here, the house as an investment will help you accumulate equity, while the car depreciates in value with every passing day.
Also, the cost of a car is not just the purchase price. You've got to factor in:
* insurance
* annual registration, inspections
* maintenance
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Wisdom begins in wonder.
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