I read the article but I was not that impressed. The article just ignores so many variables.
If one is going to be overseas for years, why keep the house? No way in heck would I rent out my house. People rent successfuly but I have read too many renters horror stories to rent out our house.
When you return to land will you really want the old house? Will the house be where you want to live anymore? Will you be able to take care of the house? Will you need to be near the kids or maybe other family and the house is not near them? In your travels, would there be a chance you find a better place to live out your days?
Will you even want a house? Would you need to move into a retirement facility? There are some VERY nice ones in our area that are like staying at a high end resort. If we can no longer live on a boat, it is likely we will not be able to take care of a home.
The article assumes that one can afford the boat and house at the same time. We can have the house or the boat but not both. It is one or the other. A smaller boat won't do what we want to do. We want one of two boat models and the price of either is about the same.
Selling the current house, to buy a smaller house that we would not live in since we would be living on the other side of the world, makes no sense.
Frankly, part of the attraction of getting the boat and going is to CUT ties to a place on land.
Now, this is really strange for us because we WOULD be selling "the farm" which is our dream home that is on our dream land.
When we built we thought we would live in our place until we died. This still might happen, the calculation I have worked up to provide the odds of us pulling of the boat idea is about 50-50 at this point.
But we are very actively going through the list in our plan on what needs to be done to get the boat. The biggest inhibitor will be family responsibilities of which we have not real control.
So why are we want to leave? A huge development is going to be built 5 or so mile from our place that will double the population of the county. The town will increase in population by a factor of *** 20 ***. We bought this place to have peace and quiet but that is going to be hard to get in a few years. Ironically, selling the land and house would allow us to retire early and cruise the world before we age out.
When we age out who knows were we would need to live, or much less, want to live. Too many variables to figure out.
Later,
Dan