<human>: As of right now I have 7k in my savings account, adding ~600 month with my current income (~50k/year depending on bonuses).

I am currently renting an apartment with two others, so my rent is fairly cheap ($550/mnth). However, come next June this situation might/probably will dissolve. 

I have two sources of debt right now. 1) my auto loan (~10k outstanding) which I make monthly payments of $350, and 2) my student loans (~20k, but super low priority on paying these off), which I make about $250/mnth on payments. 

Over the last year or so I have been considering buying a house and then renting it out to try and make a little supplemental income, and eventually living there myself for a possible breakeven/small profit housing/rent situation.  However, I realize that even if I was making money off of subletting, I would still being adding another long term source of debt. Home ownership is something I really want for myself, I am just having a hard time deciding if now is the right time to get into it before the market starts to really recover and interest rates start climbing. 

the other option I see is completely paying off my car sometime early next year, and them diverting the extra $350/month into savings along with my normal deposits, and start saving for a house again. Either way, I plan on continuing to save for either option for the next couple of months, but would like to make a move on either option early next year.

Can you give me a shortened version of the text?
<bot>: after saving for a couple more months should I pay off my car loan, or try to get into the housing market with the lowest  possible interest rate (given market conditions), although incurring more overall debt?