How much does House of Fraser pay?

Pay off student loan debt vs. saving for a house?

• Here is my situation: Currently have $40K student loan debt, living at home to save in living expenses- although its about a 45mile drive to work which means I pay about $450/mo in travel expenses to go to work. Being so far away from work I would really like to buy a house close to work within the next 2 years. Would it be better to a) pay off my student loans, then start saving for a down payment on a house b) take longer to pay off my loans and save a little to go towards a down payment and move closer and rent a house, or c) stay living at my parents house pay off all my loans, then rent a house and save up for a down payment and buy a house later ????

• Answer:

  Since houses rarely appreciate anymore, I would pay off your student loans. The only way a house is a good investment in this market is if it a foreclosure or abandoned.Most banks will want 20% down on a house anyway.