Replying to My friend can't buy a house
A buddy of mine that has a good paying job and doesn't have student loans because he never went to college was telling me over the weekend he can't buy a house. I asked him why you make good money it shouldn't be an issue. He said you remember when I got my job, I went out got my truck I use to have and added kitted it out? Well turns out he is 45k in debt from that truck. I looked at him dumbfounded. I told him you have more debt in a truck you no longer own than I do for student loans. He said he is just going to keep paying it off until he has it low enough that a bank will loan him the money for a house. After he said that thought about how many of those trucks are out on the roads and how deeply in debt so many of those people have to be in. Cant imagine having more debt for a truck than student loans. BTW he has another truck currently and didn't even talk about that one.
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