Deciding whether to rent or buy
Each time you make a military move, the decision has to be made whether to live on-post/base or off. If you decide to live out in town, will you rent or buy? To help you with these choices, we put together a list of PCSgrade's top articles featuring some great information and things to consider when you are wrestling with this major decision.
#1 RENT VS BUY – MILITARY FAMILIES NEED TO WEIGH THEIR OPTIONS
There is no right or wrong answer when it comes to deciding whether to purchase or rent a home. You are tired of renting but you are nervous that buying and moving again in two years might not be the smartest move financially. This article features the pros and cons of buying and renting. All these factors need to be weighed for you to figure out what is best for your financial situation and family.
#2 RENT VS BUY – WHAT CAN YOU AFFORD?
There are so many factors that go into figuring out how much it costs to buy a home. This article lists out many of the upfront costs and the ongoing costs of both renting and purchasing a home. There are items on this list, such as the home inspection or appraisal, costs that you might not think of as you are making your decision. And we don't think of renting as being too complicated, right? I'm mean it's just the monthly rent, right?
#3 THE TAX ADVANTAGES OF OWNING A HOUSE
You've heard that owning a home allows for certain tax advantages. That is true. This article breaks down what those tax advantages are to include:
- Capital Gains Tax
- Property Taxes
- Private Mortgage Insurance (PMI)
- Maintenance costs on a rental that you own
#4 HOME OWNERSHIP AND TAXES – A Q & A FOR MILITARY FAMILIES FACING A MILITARY MOVE
This article features a one-on-one interview with one of our "A-Graded" Realtors®. Find out the answers to questions such as:
- Does buying a house help with taxes?
- If I rent out my house when I make my next military move, does that help me?
- Do I need to hire a tax professional if I own a house?
PCSgrades is always updating its content library with the latest resources to make your house hunting, neighborhood search, and PCS in general. Go as smooth as possible. Make sure you follow PCSgrades on Facebook, Twitter, Pinterest, and Instagram for all the latest updates.
This article is sponsored by PCSgrades.
‘It’s Lt. Col. Vindman’ — Active-duty witness in Trump impeachment inquiry sharply corrects congressman
Army Lt. Col. Alexander Vindman made sure to take the time to correct a Congressman on Tuesday while testifying before Congress, requesting that he be addressed by his officer rank and not "Mr."
'What happens after that is out of their control' — Former military leaders and lawyers react to Trump's war crimes pardons
On Friday, President Donald Trump intervened in the cases of three U.S. service members accused of war crimes, granting pardons to two Army soldiers accused of murder in Afghanistan and restoring the rank of a Navy SEAL found guilty of wrongdoing in Iraq.
While the statements coming out of the Pentagon regarding Trump's actions have been understandably measured, comments from former military leaders and other knowledgable veterans help paint a picture as to why the president's Friday actions are so controversial.
Raccoon infestations and extreme rust didn’t stop an anonymous buyer from nabbing this Soviet-era submarine
A former Soviet submarine that became a tourist attraction docked adjacent to the Queen Mary in Long Beach is expected to be sold soon to an anonymous buyer, with plans to remove the rusting sub by mid-May.
The 48-year-old Russian Foxtrot-class submarine, known as the Scorpion, had hosted paying visitors for 17 years before it fell into such disrepair that it became infested with raccoons and was closed to the public in 2015.
Former Army 1st Lt. Clint Lorance, whom President Donald Trump recently pardoned of his 2013 murder conviction, claims he was nothing more than a pawn whom generals sacrificed for political expediency.
The infantry officer had been sentenced to 19 years in prison for ordering his soldiers to open fire on three unarmed Afghan men in 2012. Two of the men were killed.
During a Monday interview on Fox & Friends, Lorance accused his superiors of betraying him.
"A service member who knows that their commanders love them will go to the gates of hell for their country and knock them down," Lorance said. "I think that's extremely important. Anybody who is not part of the senior Pentagon brass will tell you the same thing."
"I think folks that start putting stars on their collar — anybody that has got to be confirmed by the Senate for a promotion — they are no longer a soldier, they are a politician," he continued. "And so I think they lose some of their values — and they certainly lose a lot of their respect from their subordinates — when they do what they did to me, which was throw me under the bus."
Fifteen years after the U.S. military toppled the regime of Saddam Hussein, the Army's massive two-volume study of the Iraq War closed with a sobering assessment of the campaign's outcome: With nearly 3,500 U.S. service members killed in action and trillions of dollars spent, "an emboldened and expansionist Iran appears to be the only victor.
Thanks to roughly 700 pages of newly-publicized secret Iranian intelligence cables, we now have a good idea as to why.