Quote:
Originally Posted by Truenorth00
So you don't finish a 25 yr career with no equity built. The military used to provide lower cost housing on base. But those are now rented at market rates, which means it's just better to buy in most cases. It's also a way of encouraging good financial planning. Too many cases in the past of a 20 year serviceman claiming poverty after not building up equity but buying all kinds of toys.
You become an expert at buying houses that will sell easily in just a few years too. Everybody in the military has what we call our "forever home". It's the final move where you actually get a house you like instead of one that you know will sell easily. Incidentally that final move is what caused all the shitstorm with General Leslie because the public had no clue.
Good points. It is possible that the burden might be more administrative than financial.
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Don't the military get a sweet deal in terms of having their legal and real estate fees paid each time they buy or sell a house in the context of a transfer? In addition to that final kick at the can upon retirement?