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There's nothing for sure in life, except that it's usually better to have no debt when you graduate college. Being debt-free increases your options, because you're freer to go with the more interesting opportunities, rather than simply the ones that pay the most.
By buying a house right now, you're betting the the housing market will continue to appreciate at a good clip over the next several, and there's no guarantee that it will. As interest rates rise, in fact, I would bet the opposite.
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