If you have the cash, live on your old or an old boat, buy a house and rent it and consider it a long term savings acct. A home is the best thing to have in my opinion, even if you don't live in it.
I would NOT suggest buying a new boat as a
has been stated above, unless you have more money than sense......they lose %50 in 5 years or some sick figure like that.....
I love to sail, don't get me wrong but the chances of a house sinking are pretty slim.
I love to sail, coming from a Swordboat capt's loin one would think I'd of caught the bug long before now! Oh well, this ones for you Bisque...(My Father may he RIP)
Now If I could only stay away from working on the damn things I could sail more!
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-1985 c-30 TR DONE!! after two new engines and too much labor she floats sails and steams....