What he said!

If you are rich, spend the money, but if you are a working class bloke I think you'd be nuts to plow your house equity into a rapidly depreciating good like a vehicle. If you invest $40,000 and average a 7% per annnum return for ten years your $40k will become $78,686.05 and after 20 years $154,787. Or if you are good at something start a business based on that thing. Buy a 2nd house and fix it up and flip it, or rent it out. So many superior choices.

Then again the world needs people who will take the big hit so people like me can live on the cheap. <img src="/forums/images/graemlins/kewl.gif" alt="" />