In the current climate of credit crunches, impending recessions and falling house prices, it can be difficult to decide what to invest your money in.

For example, if you can get a mortgage you could buy a house, as the prices are quite low at the moment. But wait! It might be better to just buy an MP3 player instead. Let’s look at some ways that an MP3 player is a better investment than a house.

You don’t need a mortgage to buy an MP3 player
This one’s obvious. If you want to buy a house these days you’ll need a mortgage, if you can get one, with an interest rate around 6% mark. You’ll also need a 10% deposit or you’ll be paying even higher interest. To buy an MP3 player however, you just need to pay the small fee the player costs, which is…

Considerably cheaper than a house
That’s right, MP3 players cost between £10 and a few hundred pounds. Even though house prices are falling sharply, they’re still quite at the level of MP3 players. You’d need a considerable amount more to buy a house than an MP3 player.

Better storage capacity
It may be surprising to most, but MP3 players have more storage than houses when it comes to keeping your music. For example, you can hold thousands of tracks and albums on a 20 Gig MP3 player or iPod, but you couldn’t store thousands of records in your house, unless you had a very big house… and that would cost even more money.

Stability of the price
It’s true, buying an MP3 player is unlikely to be an investment that will make you rich. However, it also won’t break you financially. With great investment comes great risk, and as house prices are falling now some homeowners are losing tens of thousands of pounds in equity. No one has ever lost that much on an MP3 player, so while your iPod may not hold its value when you buy it, it won’t lose you too much in depreciation, probably just a few quid in fact.

So if you’re thinking of buying a house, just buy an MP3 player instead. It’s a much safer option.