Separating to Regional: Mortgage concerns
08-04-2016 | 06:30 PM
#21
Gets Weekends Off
Joined: Dec 2005
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From: Leftof longitudinal
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: Aug 2016
Posts: 151
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From: P-28
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: Jun 2015
Posts: 183
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From: Checking for leaks
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
Thread Starter
Standing by to Stand By
Joined: Jul 2016
Posts: 76
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From: Holding
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
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Joined: Apr 2013
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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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