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Originally Posted by SV:HERON
We will not sell our cottage for the reasons you described in your last post. We don't want to box us out of ever coming back on land. We will rent the place if we have to so that it can pay for itself on taxes and upkeep.
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I'm envious of you on this point-- we have a 2500 foot house in a nice area. Almost too nice to rent in, we don't own it outright, and probably too much house to rent as absent landlords. I've considered cashing out our place to buy a 1000 ft house to rent when we're gone, but my real estate agent would argue that any 2 bedroom is going to be hard to move in the future in our area.
One idea we have is to cash out and cruise, but retain about $100k for our re-entry later on (house downpayment, furniture, etc.). Of couse, that fund could be used elsewhere if we decided we liked another state or country.
We've also cut back on a lot of expenses, like you have, but we still keep a 27 footer for sailing locally. If we didn't have two kids, we'd consider a Westsail-- I just read your "race report" over on SSCA, and it sounds like you had a good time. It was also interesting to read how you handle the headsail now.
Have fun!
Jim H