BAH and Privatized Housing

I understand that Buying a Home is not for everyone however, I developed a chart below to put into perspective how much you are spending to live in privatized housing and what it would cost to buy a home using your VA loan. 

BAH for E-4 with Dependents: Privatized housing receives $1,686.00 This means the unit they are living in is worth more than $240,000.00? Is it? Are you deriving any tax benefit from this property?	BAH for E-5 with Dependents: Privatized housing receives $1,773.00 This means the unit they are living in is worth more than $280,000.00? Is it? Are you deriving any tax benefit from this property?	BAH for E-6 with Dependents: Privatized housing receives $2,223.00 This means the unit they are living in is worth more than   $340,000.00? Is it? Are you deriving any tax benefit from this property?
Example of owning your home at $240,000.00	Example of owning your home at $280,000.00	Example of owning your home at $340,000.00
Principal and Interest = $1,180.00 @ 4.25% interest	Principal and Interest = $1,377.00 @ 4.25% interest	Principal and Interest = $1,672.00 @ 4.25% interest
Property Tax average = $300.00	Property Tax average = $300.00	Property Tax average = $350.00
Homeowners Insurance estimate  = $50.00	Homeowners Insurance estimate = $50.00	Homeowners Insurance estimate = $60.00
Total Monthly Payment = $1,530.00	Total Monthly Payment = $1,727.00	Total Monthly Payment = $2,082.00

That being said, the average home price for sold homes in 2013 for Burlington County, which Joint Base MDL is part of, was $199,015.  Giving the example above and what the average home sold for in 2013 would put you well below what you are giving in BAH to Privatized Housing every month. So if you are looking to Buy a Home in 2014 please give Ken Flannery, your Local Real Estate Expert for Joint Base MDL, a call today!!