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Old 05-11-2010
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House or Boat?

I understand I am bringing this question to a slightly biased group, but I am hoping to gain from some other peoples' perspectives on a concern I have.

First let me provide the background for the question. My wife and I are in our late 20s, and we are fortunate enough to live on a solid income. I am grateful that we are even able to have the choice to live aboard or own a home. We are currently considering a move back to Hawaii or Florida and are thinking about living aboard in either location.

More background:
Most, if not all, of the people we know seem to be following "the plan." They all currently own, or have owned homes in the past, and an increasing number of them are now settling down and having kids. I'm not interested in any of that (especially the kids part of the equation), and my wife is similarly disinterested, but I am sick of throwing away money each month by renting.

Now for the question:
As I consider moving aboard (either our current boat, or a 2010 production boat we've been thinking about) I am beginning to wonder if we are being irresponsible. I can't shake the feeling that by living aboard we are somehow missing the train in terms of financial well-being down the line. I know boats are never a good investment (that's not really how I am viewing this), but when I look at the numbers I will be missing out on the equity that comes with a home in an "up" market, and missing out on the more traditional lifestyle (which may or may not be a bad thing-I really don't know). So to those who have wrestled with similar concerns prior to living aboard, would you recommend it based on a long term financial perspective, or do you think it makes more sense to do the so-called "responsible" thing and buy a home and enjoy the boat on the weekends? I know there is no one size fits all answer to this question as each person has different considerations in both finances and lifestyle, I'm just trying to see how those people who have been in my shoes before feel about their decision to forego the "American Dream" that's been force fed to us and live aboard.

As always, thanks for your input!
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