Exactly - it's equivalent to the housing ladder.
Well, except that on the housing ladder you're offsetting rent, paying down a mortgage, have a predictable selling price, can't ding it, won't increase the mileage or incur running costs of 15%p.a. Apart from that it's, like, the same.
:-)
@Olly398 started
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Exactly - it's equivalent to the housing ladder.