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Navydoc
ParticipantOops, I think they call it VHA, variable housing allowance now, I joined up in 92.
ParticipantOops, I think they call it VHA, variable housing allowance now, I joined up in 92.
ParticipantOops, I think they call it VHA, variable housing allowance now, I joined up in 92.
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
Participant"Do you know who breed like rabbits? Men in the military."
All I have to say is Thank God for that! (I'm a Navy obstetrician!) Seriously though, people in the military do NOT gat married for the housing allowance. You get your BAH (base allowance for housing) whether you're single or married, and it goes up maybe 30% when you get married, hardly an incentive alone to tie the knot. Also, the housing allowance stays the same no matter how many little ones you create, there is onle a distinction of BAH with and without dependents. The only advantage to having more chilren is for the tax advantages, which you get whether you have pledged to "support and defend the constitution against all enemies both foreign and domestic" or not. One last thing, before I forget, BAH is non-taxable (YES!!!)
Sometimes suckling off the government teet isn't so bad.
Participant“LOL! Do you think Countrywide, Wamu, Citi, Fannie, and Freddi are going to be able to survive now without some type of government bailout?”
No, I absolutely don’t believe they will survive, a point I made in the earlier post. Whether it’s ridiculous or not, it doesn’t change the fact that the banks were doing irresponsible lending to stay competitive. I completely agree with you that they were lemmings running off the cliff, but a lender would not have kept their doors open if they weren’t generating the kind of returns (false) that their competitors were.
Participant“LOL! Do you think Countrywide, Wamu, Citi, Fannie, and Freddi are going to be able to survive now without some type of government bailout?”
No, I absolutely don’t believe they will survive, a point I made in the earlier post. Whether it’s ridiculous or not, it doesn’t change the fact that the banks were doing irresponsible lending to stay competitive. I completely agree with you that they were lemmings running off the cliff, but a lender would not have kept their doors open if they weren’t generating the kind of returns (false) that their competitors were.
Participant“LOL! Do you think Countrywide, Wamu, Citi, Fannie, and Freddi are going to be able to survive now without some type of government bailout?”
No, I absolutely don’t believe they will survive, a point I made in the earlier post. Whether it’s ridiculous or not, it doesn’t change the fact that the banks were doing irresponsible lending to stay competitive. I completely agree with you that they were lemmings running off the cliff, but a lender would not have kept their doors open if they weren’t generating the kind of returns (false) that their competitors were.
Participant“LOL! Do you think Countrywide, Wamu, Citi, Fannie, and Freddi are going to be able to survive now without some type of government bailout?”
No, I absolutely don’t believe they will survive, a point I made in the earlier post. Whether it’s ridiculous or not, it doesn’t change the fact that the banks were doing irresponsible lending to stay competitive. I completely agree with you that they were lemmings running off the cliff, but a lender would not have kept their doors open if they weren’t generating the kind of returns (false) that their competitors were.
Participant“LOL! Do you think Countrywide, Wamu, Citi, Fannie, and Freddi are going to be able to survive now without some type of government bailout?”
No, I absolutely don’t believe they will survive, a point I made in the earlier post. Whether it’s ridiculous or not, it doesn’t change the fact that the banks were doing irresponsible lending to stay competitive. I completely agree with you that they were lemmings running off the cliff, but a lender would not have kept their doors open if they weren’t generating the kind of returns (false) that their competitors were.
ParticipantI guess I’m old-fashioned if I believe you have a moral obligation to pay back the money you borrowed to purchase a home. Maybe that feeling is destined for extinction, but I don’t want to live in a society where people think they can get out of obligations that are simply too “inconvenient”.
Also, getting back to the theme of the thread, certainly the banks were enablers, but imagine a lender who didn’t use similar lending guidelines in the bubble market. There is no way they would have survived. It’s kind of nice to assign blame one way or the other, but this whole situation is much too complicated for that.
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