I wonder how many of those casting aspersions at home ownership will fare in their twilight years. Let’s face it, my parents (and likely many of yours) sold their dirt-planted homes for more than 20x their original purchase price, after raising a family there. Heck, I sold my own first home for 2x the purchase price, after just a few short years in the place. Meanwhile, new sailboats depreciate at almost a similar rate to housing appreciation.
For those of my parents generation, this is the difference of growing $20k to $600k, or $50k to $1M... versus watching the same investment depreciate to nearly nothing, on a boat over the course of 30 years.
Good for you if you can afford that sort of hit, and not worry about you finances lasting you through your twilight years, but it’s not a factor to be ignored in this conversation.
I'd sure like to know what you consider one's twilight years. At 72 I kinda figured I was there or beyond.
However, one thing that does pass through my mind now & then while I'm doing some chore or going on an adventure ashore (grocery shopping) is what I'd be doing instead if I lived ashore.
Out the door into some fancy car/SUV direct to where I want to go. Buy just what I need, not scramble around trying to cobble together meals from whatever is actually available on that day at the shops that sometimes stock what we need. For dirt dwellers it's hey, no worry if there's a bit of inclement weather, the car's only 30 feet away, or even in the garage and what weather? No jumping in and out of a dinghy between squalls, riding a bus full of locals, who all say good morning (or whatever), to get where we need to be. I find the shock on the faces of strangers here in the US (I'm in the Boston/Providence area for a bit) a little sad when I say good morning or good day, even though most do recover and respond.
I often wonder what I'd actually be doing if I wasn't doing this and have pretty much concluded I probably wouldn't have lived this long.
As for finances, I chose an annuity and I've never looked back. We have a regular income we can count on no matter what (repeat; no matter what), and money going into an emergency fund. Of course, since I've been a liveaboard most of my life, there aren't too many surprises that the boat presents that I haven't experienced before.
I'm certainly not putting down anybody's choices, but for me, I think this life works out well.