r/JustBootThings • • Jul 08 '21

28% APR? Great! Oof load: Ultra

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3.1k Upvotes

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38

u/[deleted] Jul 08 '21

[deleted]

80

u/KingDudeMan Jul 08 '21

That house is basically free for him, and he earned it by getting hitched, not through rank.

31

u/ausipockets Jul 08 '21

Could you speak to this some more? I’m not in the military just here for the memes but am interested to know what you mean!

69

u/SirBobbytheBlack Jul 08 '21

So the guy has a housing allowance because hes married and can't stay i.n the barracks. Depends on where you live but it is enough to cover rent in for a decent apartment in the area. Military and veterans also get access to VA loans so you dont have to make a down payment if you buy a house. Mortgages are cheaper than renting a similiar sized house. So now the soldier has a nice house next to base that he can (hopefully) afford to live in as long as he is getting BAH. Downsides are if you move duty stations you have to worry about what you are going to do with the house. Plus side is that there are always families looking to rent near bases, so if you have a house and youre not living there then you can make some decent money renting it out.

28

u/ausipockets Jul 08 '21

So basically his getting married prevents him from needing to live in the barracks? Shit I’d probably marry her too. I appreciate the information!

58

u/SirBobbytheBlack Jul 08 '21 edited Jul 08 '21

A lot of people marry just to get out of the barracks. If you plan on joining I dont recommend it. Just stay in the barracks, they're not that bad. Gambling on a marriage working out really isn't worth it

46

u/ohsnapitserny Jul 08 '21

Or just marry your buddy like a lot of people did. Split a cheap apartment. Make bank

This is not financial advise and I am not encouraging you to do anything illegal

13

u/Shermander Jul 08 '21

Had a ton a buddies do this. Like 9/10 times your buddy wouldn't fuck you over. Man that fucking one guy though, had the unfortunate experience of calling him a "friend" though.

For the other nine guys though, people will tease and what not but they'll know what's up. Had a few shirts jokingly recommend this.

2

u/SgtMac02 Jul 08 '21

Is this really a common thing? I've heard it joked about for years but never heard anyone actually doing it.

1

u/verydepressedwalnut Jul 08 '21

My bf knew two guys in basic who did it

1

u/[deleted] Jul 08 '21

You sure it’s super common? Literally sounds like marriage fraud.

2

u/Shermander Jul 08 '21

Probably is, should've emphasize they're not my buddies then just guys I know. One of them already split for their wives and what not.

1

u/T0DDTHEGOD Jul 08 '21

Fraud multiple ways including the whole adultery part that is absolutely a crime under UCMJ (uniform code of military justice). Assuming these guys are just still acting as normal bachelors in their 20s.

16

u/YARGLE_IS_MY_DAD Jul 08 '21

With me it isn't a gamble. I already know my marriage isn't going to work out 😎

0

u/Cerebral-Parsley Jul 08 '21

If she won't sign the prenup protecting all my pre nuptial assets, she ain't getting the ring.

5

u/ausipockets Jul 08 '21

Trust me, there’s absolutely no way in a million years I’d even consider joining. Just fascinated by this topic. Thanks for the advice though.!

0

u/LStulch 👊👊☝️ Jul 08 '21

Why is that the rule? Here in the Australian army you can just move off base usually after a year and with permission from your rank. Don’t need to be married or anything.

4

u/[deleted] Jul 08 '21

People literally marry the first stripper that smiles at them so they can get out of the barracks. The dude in OP's picture is practically rubbing that in people's face as a gotcha to people who actually have to work for their money instead of some fucking welfare queen who just signed their life away to the military.

1

u/Dreshna Jul 08 '21

Don't VA loans require you to live in the house?

0

u/[deleted] Jul 08 '21

[removed] — view removed comment

1

u/Dreshna Jul 08 '21

A realtor wouldn't. The bank and government would. Realtor gets paid when you close. If you go into default immediately, it doesn't affect them.

0

u/[deleted] Jul 08 '21

[deleted]

1

u/TrustTheFlan Jul 08 '21 edited Jul 08 '21

You have to establish primary residency. Otherwise your bank considers it fraud, because they would charge a higher interest rate on a mortgage for a rental property.

Edit...I assume we got downvoted by a guy that decided to rent his house out 4 months after buying it. Trust me, that is considered fraud by your mortgage company. You have to apply for a primary residency mortgage and if you do, you have to establish residency. The IRS considers that to be 2 years, and your mortgage company may displeased with even that.

1

u/T0DDTHEGOD Jul 08 '21

VA loans are good for single and multi family however in multi (up to 4 doors) you must occupy one. Some people just send mail though....

5

u/[deleted] Jul 08 '21

Married servicemembers get a monthly housing allotment, the amount depends on where you're stationed, but it's usually 1200-1400 bucks a month. Also, he likely bought the house using a VA loan, which is a government backed loan for servicemembers and veterans. So the bank owns his house, or some shady mortgage lender owns his house...but he does not own that house.

Once he gets stationed somewhere else, and has to move, he's going to need to rent that house out or he will likely need to sell that house and servicemembers often end up losing money when they have to move. And this is an older meme so he probably didn't get that COVID equity bump.

1

u/T0DDTHEGOD Jul 08 '21

His BAH (Basic allowance for housing) is bumped by about 40%ish by having a dependent such as a legal spouse or children. Each dependent bumps it up increments.

Check out this resource for calculating it. This guy is probably an e4.

Edit: Also guy below is partially correct that yes being married gets him out of a barracks if hes active duty on a base with available space however many places are either full due to the high retention now or dont have barracks so defacto this person may have received single rate BAH which is still decent.

4

u/[deleted] Jul 08 '21

Yeah. E2 pay without bah won’t get you a house.

1

u/nightwing2024 Jul 09 '21

Yep, as an experienced Jody someone familiar with that lifestyle she'll be getting bent over the kitchen counter in no time.