Posted on May 16, 2015
MAJ Christopher Daily
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After 15+ years in the Army I am about to buy my first home at what, I hope, is my last assignment. How many of you have done this? What are your thoughts on waiting until your retirement assignment v/s buying at each assignment?
Posted in these groups: Retirement logo Retirement
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Responses: 4
SrA Administrative Manager
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We're waiting until I at least my 10 year AD. Only thing is my job is more flexible than his. Me being 3A and him being 2A. Plus he wants Utah and I'm saying Florida.
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PO1 John Miller
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I didn't buy my first house until my last assignment. I thought I was going to stay there for a good long while but life happened and I took a job out of state. I sold that house and bought one in my new state.

But yes, I would wait until my last duty station to buy a place, unless you're into "flipping" houses. That's just my opinion though. I believe buying at every location is a waste of money.
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CW3 Operations Officer
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This is a case by case basis based on the real estate market in a given area. There are some duty stations where you can buy a house, and sell it in three years breaking even or making a little money. However, there are duty stations where you can wind up in serious debt or having to maintain the house as a rental--which can have an impact on your credit. My opinion: it all depends on the market, current economy, and strength of personal finances.
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MAJ Christopher Daily
MAJ Christopher Daily
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Completely agree.
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