“The three biggest debts most people take on are their mortgage, student loans, and car loans.
A home isn’t guaranteed to appreciate but historically housing has beat the rate of inflation, it’s a form of forced savings, it’s the roof over your head, and it can provide some level of psychic income.
Student loans can be taken to the extreme but they generally offer the potential for higher earnings over the course of a career and better job prospects.
A car loan is the only one of the three that gives you a depreciating asset. It’s estimated a new car depreciates around 20% in the first year and 10% per year after that.”