Separating to Regional: Mortgage concerns
08-04-2016, 06:30 PM
#21
Gets Weekends Off
Joined APC: Dec 2005
Position: Leftof longitudinal
Posts: 1,899
Are you going to continue in the Guard or reserve? That can be a pretty helpful income in the first few years of a regional start. Many years ago, that income potential helped me in identical position your looking now.
Congrats
Congrats
08-10-2016, 06:27 AM
#22
Gets Weekends Off
Joined APC: Aug 2016
Position: P-28
Posts: 151
Originally Posted by banana380
Rent vs Buy Calculator | Zillow
I've rented for the past few years and I'm tired of p!ssing away money with no equity.
When I get my dream job at a major, we'll upgrade to a nicer house
.
I've rented for the past few years and I'm tired of p!ssing away money with no equity.
When I get my dream job at a major, we'll upgrade to a nicer house
.https://www.khanacademy.org/economic...-buying-a-home
https://www.khanacademy.org/economic...ailed-analysis
https://www.khanacademy.org/economic...-buying-a-home
I might lean towards renting, but your numbers might play out differently. Good luck either way.
08-17-2016, 06:28 PM
#23
Gets Weekends Off
Joined APC: Jun 2015
Position: Checking for leaks
Posts: 183
Originally Posted by banana380
Rent vs Buy Calculator | Zillow
At about 2.5 years it becomes better to buy vs. rent for me. It will be in domicile (DFW), and I expect to be at my regional for at least 6 years (I'll leave the upgrade/flow timeline debate for the Envoy thread...). I've rented for the past few years and I'm tired of p!ssing away money with no equity.
When I get my dream job at a major, we'll upgrade to a nicer house .
At about 2.5 years it becomes better to buy vs. rent for me. It will be in domicile (DFW), and I expect to be at my regional for at least 6 years (I'll leave the upgrade/flow timeline debate for the Envoy thread...). I've rented for the past few years and I'm tired of p!ssing away money with no equity.
When I get my dream job at a major, we'll upgrade to a nicer house
.Anyway, good luck with your decision!
08-19-2016, 05:39 AM
#24
Standing by to Stand By
Thread Starter
Joined APC: Jul 2016
Position: Holding
Posts: 76
Originally Posted by flyinhawyan
Have you heard of Dave Ramsey? I highly suggest listening to a few of his shows and maybe reading one of his books before making this decision. Buying a home can be a great investment but it does not factor in risk. Do you have an emergency fund in place to take care of home issues?
Anyway, good luck with your decision!
Anyway, good luck with your decision!
We were doing the snowball but put it on hold for now due to the uncertainties of separating and nailing down a job. Throwing everything extra we can for now into the emergency fund.
08-19-2016, 01:12 PM
#25
Gets Weekends Off
Joined APC: Apr 2013
Posts: 1,622
Originally Posted by flyinhawyan
Have you heard of Dave Ramsey? I highly suggest listening to a few of his shows and maybe reading one of his books before making this decision. Buying a home can be a great investment but it does not factor in risk. Do you have an emergency fund in place to take care of home issues?
Anyway, good luck with your decision!
Anyway, good luck with your decision!
I was thinking the same exact thing when I read the OP's situation. But it seems he has a plan for the transition.
Personally, if I were in his shoes, I'd rent and wait for year two pay.
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