Reply to Can someone explain the wealthy military officer phenomenon?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Got married early, earned extra for every deployment since were married. Lived cheaply on base or got the housing and family allowance (tax free) and bought houses in every state they were based. When dh was active duty, he got like $3k in housing allowance in the DC area which paid our mortgage and it was tax free. 
Free healthcare for the military member, much reduced healthcare for kids, reduced cost daycare, tax free groceries and booze, VA loans (dh is considered sufficiently disabled so we get no cost refis), no student debt. Also much better to go in as officers and not enlisted. [/quote]

They also earn money from renting out any houses owned outright. [/quote]
Where do you think they're getting all this money to own houses outright? 
The housing allowances were laid out earlier. How many houses you think we're able to buy with that? I don't understand why everyone seems to think this "great tax-free housing" is unlimited and we're buying multiple houses...the reality is most military can barely afford to buy one. I mean w.t.f.  [/quote]

Are all officers in one house??   :shock: [/quote]

I'm not the poster you quoted, but I don't understand your question.[/quote]

PP claimed multiple houses. [/quote]

I still don’t understand.  You’re asking if every single military officer is housed under one roof?  [/quote]
I’m confused too. If you follow the thread there was a claim military people rent out the houseS (multiple) they own that were purchased with a housing allowance. [/quote]

Sure some do.  But not all- I actually know very few who have done that.  And generally they won’t own those houses outright, they will be using the rental income to pay a mortgage.  It’s not always by choice either—sometimes the housing market drops right before they PCS and they can’t sell the house without a short sale or other massive financial loss.

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