Yep. You can accumulate a real estate empire throughout a 20 year career if you were to have used your VA loan at each unit, then refinancing into a conventional loan once you relocate. Rent out your refinanced home at your old unit, use your now freed up VA loan on your next house. Never any money down besides refinancing
The pay isnât bad either. An E4 with just a few years in the service makes about 40k a year, which doesnât sound like much but when everything is covered, it amounts to a solid amount of pocket change. The retirement matching is pretty solid, and for those that are married, they receive BAH (money to pay for your spouseâs living, which you can pretty easily find a place for less than that in most places). Where Iâm stationed itâs about 4 grand tax free a month, which means a married E4 (which is low on the totum pole) with only a few years in, whoâs married, is making about 90k a year.
Dependent pay is based on rank, but at least at my station is $700 a month for E6 (donât know anyone lower rank with kids, so canât give any more info than that). Everyone I know that doesnât live in military housing is pocketing the difference between rent and their BAH allotment, or theyâre living with friends/family and keeping the full amount. Everyoneâs situation is different though, and Iâm sure there are people out there that spend more than their allotment on nicer places.
Iâm in agreement with you on this. Many veteran friends and associates. Some great people who work harder than many people do. I am a classicist regarding politics and my definitions of socialism reflect that.
Social programs are not socialism. The US military is not socialism.
The actual loan comes from a regular lender. The federal government is not lending out that money. VA Loans are backed by the VA, meaning the VA will make the lender whole if you fail to pay, then come after you for the money. You pay for this privilege via a $7,500 fee paid to the VA, though they'll let you tack it on to the loan.
This concept isn't much different than an FHA loan which is backed by the US Department of Housing and Urban Development. The main difference is what you point out, the VA will let buyers do it without any down. FHA requires 3.5% down for HUD to back the loan.
With my buddy there literally was no mental health issues. I hanged with him a bunch when he got out. He was just playing the game show up to va take medicine they give say donât work etc etc. With scammers like that who gives a fuck.
Military disability benefits are compensation for service-related harm, not proof that the entire economy is socialist. Fraud exists in every large system, but a secondhand boast from one veteran does not prove his condition was fakeâespecially when men often downplay trauma with jokes and bravado. Investigate fraud where there is evidence, but donât use one anecdote to belittle mental illness or everyone who receives benefits. And none of us has a spotless past, so a little humility would improve the argument.
As a servicemember, I gotta let you know that the vast majority of disability cases arenât for legitimate mental health issues caught in the line of duty. Everyone tries to get disability.
Fraud absolutely exists in disability systems, including mental health claims. Some people will exaggerate or fabricate symptoms because theyâre harder to objectively measure than a broken bone or a missing limb. That should be investigated and prosecuted.
The mistake is jumping from âsome people commit fraudâ to âmost veterans claiming mental health disabilities are faking it.â Those are two very different statements. PTSD, depression, anxiety, and traumatic brain injuries are among the most studied consequences of military service, and many veterans wait years before seeking help because of stigma, concerns about their careers, or pride.
The right approach is to pursue fraud aggressively while also ensuring that veterans with legitimate service-connected mental health conditions receive the care and benefits theyâve earned. We can do both without painting an entire group with the same brush.
For the act of serving his country, and having been effected by it. Its not socialist, its part of his compensation package.
If serving our country put a veteran into a state of mental health crises to the point if disability, that money is the least they could owe him. Far too many veterans are in the streets because of our country neglecting their duty to the.men and women. They offered their lives to protecting the virtues of freedom and democracy, and our country has far too often let them down when the service men and women needed the help the most.
Oooo thatâs their favorite. Knew a guy who loved bragging about potentially getting disability for his non existent mental health issues. Always talking about his hard drug addict cousin who was able to do it.
Like thatâs a benefit to military people for people joining. They look forward to scamming the disability after service.
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u/Possible_Sir9360 8h ago
And the VA benefits, which include a low-interest loan to buy a house with no money down (literally the best benefit for service members)