Join Date: Mar 2010
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> I saw in an article this morning that said, adjusted for inflation, housing prices have only risen 1% over the past 120 years.
Pretty much. Then throw in home association fees, water heater replacement, new roof, yard upkeep(and all the tools needed for that), insurance, etc etc.
Everyone needs a place to live. If you want to live in a house and stay in one place, a house isn't at all a bad place to put your money. But just buying one as an investment or as part of some financial "responsibility" isn't a great idea.
Have some people made good money on their home? Sure, but people who bought Apple stock in the late 90's probably did even better.
I'd say, move aboard your current boat and just sink part of your income into a long term diversified investment plan. If you don't like the boat life you can always move back onto land and do the house thing.