[quote=spdrun]Good. Should correct the recent insanity with R.E. prices, though unfortunately foreclosing on military people is hard even if they richly deserve it.[/quote]
spdrun, only a small fraction of active-duty enlisted military members currently stationed in SD own their own homes in SD County.
They get a HUGE housing allowance while stationed in SD to help them pay rent and utilities. And there are about a dozen military-owned housing complexes they can choose from if they choose to forego their housing allowance and have all utilities paid.
Retired personnel and officers O-5 and up DO own homes. But has been risky in the last decade for active-duty military of any rank to buy a house in SD, due to likely not being able to recover closing costs upon sale when they recieve their inevitable change-of-station orders. They’re almost always upside-down and don’t have the wherewithal to deal with the negative cash flow on a rental here should they move away without selling it.
