So, I was talking with my folks the other day, and I learned that a used 40 foot sailboat in good condition (supposedly about the max size 2 people can handle successfully, and big enough for an ocean crossing) will cost about 90k-200k.
So it costs about as much as a house.
Well, ok, so what does it end up costing to live on one compared to the house?
House : moderately expensive maintenance from time to time. Every 20 years or so, there’s a big ticket item like a new roof (10-20k), or repairing flood damage, etc.
Property taxes, you gotta mow the grass, swap out broken appliances, pay the power bill.
Sailboat : as I understand it, like a house but a huge amount of additional maintenance. Basically, the ocean is perpetually destroying the onboard systems, and you are constantly purchasing a steady stream of replacements and installing them.
Of course, you don’t pay property taxes. But you do pay marina fees if you aren’t at sea. What does this run you, typically?
Also, like houses, a sailboat is perpetually in danger of being destroyed due to bad weather. If you choose not to purchase insurance, you are essentially choosing to pay the replacement cost if you ever lose it (so you only “save” the profit margin of the insurance in the long run). What does it cost for a comprehensive policy against your boat sinking or becoming wrecked?
Let’s say the boat costs 120k, used, and is approximately 40’ long. 2 people live onboard, and it has all the modern amenities including satellite internet, solar power with a lithium-iron battery bank, showers, desalination, etc. Just like a small house except it can sail.