Reply to Can someone explain the wealthy military officer phenomenon?

Forum Index » Money and Finances

Reply to "Can someone explain the wealthy military officer phenomenon?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Straw man.  Base officer housing might not be that nice (though why you brought up enlisted housing I have no idea), but BHA definitely is.[/quote]
Married to an officer. We don’t have access to base housing. Many in the Bethesda area don’t. [/quote]

This isn't true at all.  You have access to base housing on other bases, but you choose to live in Bethesda.  You can go to Ft. Mead, Andrews, Bolling, etc.[/quote]
I actually can’t. Husband has to live within a certain radius of the hospital. [/quote]

But don’t they still give you lots of money towards your housing costs??[/quote]

For officers yes, enlisted no and it depends on rank.  If they can afford Bethesda they are higher ranking officer. [/quote]

When I married my husband, he was an O-2. He would be getting $1600 a month for housing now based on our location then. How is that lots of money? He would have been getting the same as an E-6! (Because you're wrong, and enlisted DO get money toward housing. Please stop spouting off your ignorance.)[/quote]

Your ignorance is showing.  You have no clue about enlisted. It is a decent amount of money.  You don’t have to live in Bethesda and most live in cheaper areas like us.  [/quote]

You know these numbers are public, right? Here, I reduced the rank a bit.

E 5 with DEPENDENTS:
$ 2880.00
E 5 without DEPENDENTS:
$ 2538.00

But keep going about how you can't afford Bethesda.[/quote]
Have you purchased or rented in Bethesda in the last decade? That's not a lot.  I don't think your numbers show what you want them to. [/quote]

I just did a search on Zillow for rentals. If you don't have dependents, you get a roommate. If you have dependents, you live in a 2 bedroom apartment. It's not tough. [/quote]
So you acknowledge you can’t get an apartment rental on your own or ever purchase a house at that amount? Stop acting like it’s so much money. 
[/quote]

BAH is a housing allowance, not a means to pay your mortgage. [/quote]

They do it to reduce your pay so you get less in retirement benefits.  [/quote]

[b]The flipside is the BAH is tax free[/b]. An o5 with dependents is getting $4,200. Smart families buy and then sell or rent when the move. If you are smart, you can build a very large nest egg that way [/quote]
It’s been mentioned a time or two. Really? No one is getting rich doing this when they’ve got a crappy military salary. It makes saving for a down payment incredibly challenging to hold on to a house and buy another when your salary is really low. Sure there’s a VA loan with a less down but you’ll max those out pretty quickly if you buy more than one house. Unless you have other money flowing, this isn’t some amazing strategy. Not only that but you’ve got a rental property across the country to deal with.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics