PCS-ing to Hawaii - Should I buy a house?

2019-07-16T22:40:43-04:00

My wife and I are both E-5’s and are on orders to PCS to Hawaii in a few months. We are currently looking at housing options for when we get there, and I would really like to buy a house since we’d have access to the VA loan and will have two BAH’s to work with. Additionally the lure of building wealth via equity seems nice. Can anyone who has been stationed in Hawaii speak to whether they’ve seen other sm’s be successful with home ownership there. Also, any other suggestions regarding if we should consider on post housing or to rent instead are welcome.

Response by SFC Michael D. made Jul 17 at 2019 8:48 AM

2019-07-17T08:48:53-04:00

Where are you in your career? Will you be moving again? It is usually best to wait until you are close to getting out and knowing where your next career will be located. You don't want to get orders and have to leave and depend on a realtor to sell your house for you. Weigh all options carefully prior to deciding.

Response by SGT Javier Silva made Jul 17 at 2019 9:46 AM

2019-07-17T09:46:02-04:00

Are you planning on staying in HI after your ETS? Will you be selling or renting out the house after you leave HI? There are a lot of considerations to buying a home in HI.

Response by SGM Bill Frazer made Jul 17 at 2019 2:20 PM

2019-07-17T14:20:29-04:00

You do know that housing is sky high in HI right.s ago a shack on 2 acres, with beachfront of 1 of the acre was listing at $395K