No problem with real estate investments but the question at hand is rent or buy one's primary residence.
I talk to a lot of marines in Oceanside. Some of them move every 3 years. And they're in and out of Iraq. They don't want to buy. All they can see is the next move.
Sgt. and above have off-base housing allotments and still they rent.
One of our clients however is a 28 year old Gunney. We helped him buy here and then I went to Nevada to find him a house when he transferred to Bridgeport. He now has two houses appreciating. By the time he retires, he'll have 5 or 6 houses or a small aprtment building.
Exactly. Ironically, under today's tax laws the ideal scenario would be to rent the place in which you live and own the house next door as a rental property.