I would disagree with the military not buying houses. I live near Miramar – there are a LOT of homes owned (not rented) by officers in my ‘hood. I can think of 4 families within one block.
does it make financial sense for them… that’s a whole ‘nuther thing. The transaction costs of buying/selling every few years must be a killer… But military folks are buying.
And it’s not just my ‘hood. I have coworkers who are retired military, married to active duty military who own homes.
On a related point to your point… if seniors/retired folks have such low income, how are they going to pay their mortgages… The trend is to serially refi at 30 years… I know so many people that will have significant mortgage payments well into retirement. Either they know their retirement income (401k, SS, if they’re lucky – pension) will be large enough – or they are screwed.
