Looks like it will be around 3% for 2008. Better than this years.

Anybody know when the 2008 BAH rates will be out.

(Sorry, couldn't help myself.)

quote:

Originally posted by chapwood:
Looks like it will be around 3% for 2008. Better than this years.

Good thing. As I was sitting in the spa (it's snowing right now) , I kept thinking about how Uncle Sam needed to help me, one of the less fortunate.

This message has been edited. Last edited by: rkhrdjp,

BAH rates won't be out until after October 2007 as the 2007 BAH review just started last month as per ALCOAST can't remember which number.

Remember also that this chart is what DOD is recommending and does not reflect what the President is proposing and what Congress approves. It may OR may not be the same by October. Don't get too excited...

read that as democratic congress...

Attention Presidential Candidates! MY vote can be bought with a big payraise!

3% is more than this year raise but I suggest we all think about something more important. BAH! As many of you know somehow they missed that some areas are way more expensive than what they "aproved" for a raise. Ask anyone who lives in Hampton roads, VA. I know so many people who live way out in North Carolina or williamsburg, Va in order to afford decent housing. Well I guess is just a waiting game now.

They need to quit giving the officers such big raises and give them to "us" the ones who really need it.

Stand corrected.It may be 3.5 % for 08.

chapwood

quote:

Originally posted by Mightyz90_93:
Attention Presidential Candidates! MY vote can be bought with a big payraise!

Make that two!

quote:

Originally posted by chapwood:
Looks like it will be around 3% for 2008. Better than this years.

I would not get your hopes up. This has only been approved by the armed forces sub commitee. Bush wanted to stop the large pay raises that were intended to catch up with the civilian world, last year. I am not saying it will happen, or it won't. But last year started off talking about a 2.7% raise. We got a 2.2%.

Your right, I said "may be" 3.5%.
It could it up 0% but lets hope not.

chapwood

It's all in the Navy Times....

Wray...

Navy Times has it as both 3% and 3.5%, but the military.com sent out a newsletter stating 3.5%, but the proposed table said 3%, either way its a huge jump in pay.

I wouldnt' call it a "Huge jump" in pay. A huge jump in pay is what Senators and Reps give them selves. What the military gets is table scraps.

quote:

Originally posted by Coastie63J20:
3% is more than this year raise but I suggest we all think about something more important. BAH! As many of you know somehow they missed that some areas are way more expensive than what they "aproved" for a raise. Ask anyone who lives in Hampton roads, VA. I know so many people who live way out in North Carolina or williamsburg, Va in order to afford decent housing. Well I guess is just a waiting game now.

BAH rates are tied directly to market RENTAL rates for a specific type of dwelling based on the pay grade. If the grade "rates" a two bedroom apartment rental - that is what the BAH is set at. A lot of folks CHOOSE to occupy a dwelling at a higher scale that costs more. That is their choice.

Some info: The only folks w/dependants that get BAH based on a single family residence are E-9s, CWO3/4/5 and O-3E and up. Everyone else is based on the costs of an apartment or townhouse. Folks with no dependants don't get a single familiy dwelling until the make O-6 or above.

Great info located here: www.defenselink.mil/militarypay/pay/bah/bah_primer.pdf

Look up your paygrade and you can see that if you are an E-6 with any number of dependants, you BAH is based on what it costs for a 3 br townhouse. When you make chief, you get that plus 36% of the difference between that and a 3 br single family dwelling.

This message has been edited. Last edited by: Mightyz90_93,

Very interesting. I never knew BAH was supposed to include utilities and renter's insurance. That being said, I think the problem is renters jacking up their rates every time BAH goes up, but it's a free market, so what goes up can always go back down. I know here in D.C. there's tons of empty houses not being rented. People are just charging way too much. There's no way I can find a three bedroom townhouse, pay utilities and rental insurance on E-6 w/deps BAH in the D.C. metropolitan area. Not anyplace without crack dealers and gunshots anyways. So you have to move out of the city and commute, even then you'd be hard pressed to find a safe, quality townhome at a reasonable price.

Actually, the rental market in the DC area is RED HOT because many home purchasers are sitting on the sidelines. The last time I showed townhouses to a renter several applications on one property were already in the owner's possession, and for the others there was at least one (there were three at one house) Realtor towing a group with them. The day after I showed this particular set of townhouses they were all rented. I even showed my clients a condominium penthouse at $5000 monthly. Status? RENTED the very next day after I showed it.

You've got to be pretty aggressive to find rental property around here!

The San Fran Bay area is going crazy on Rental Prices right now also. a lot of people cannot afford their homes anymore because of the increase in their short term home purchase% rates and are defaulting on loans, thus everyone is renting insted of buying, driving up the rental market. 1 bedroom 600sqft rentals are now up to $2400 here in San Mateo and their going up. SF is even worse and Alameda and Oakland rates are jumping like crazy also, I just hope they take that into consideration when they release next years rates.