<prompt> Human: Had an interesting conversation with a lawyer who handles wills which, if you or your loved one doesnt one have set up I highly recommend because that shit is complicated. I am 27 with 35k student loan debt and a 20k left on my car. I asked her if buying a house would be wise, since it would be considered an asset just like my car is thus contributing to my net worth. She told me this is actually not a wise idea, even if I was married. If I were to pass away, my house would not go to the person I will it to even though it is a legal contract. It would go towards paying off my student loan debt. So first they would take my car, and pay off the remainder of student loan debt with my house. Whereas without a home, theyd only have my car and take the remaining debt as a loss. Can anyone with expertise confirm this? It comforts me to know its actually smart to not own a home. In reality, due to student loans I cant even save up for a down payment anyway.  <response>: it would be considered an asset just like my car is thus contributing to my net worthYour car is not an asset contributing to your net worth any more than your computer or hair dryer are...All of your assets will be used for settling your debt. It doesnt matter what form those assets are in. 