I've done some cost calculations, and I can actually save a lot of money by purchasing a decent sailboat (32 feet?) and living on it full time. Looks like I can dock it in Boston for about $6000/yr, and then there'd be the upkeep and maintenance, but still cheaper than buying a house and paying a mortgage or contuing to throw away the rent I do now (which is $1400 plus utils).
Is there a flaw in my logic? Has anyone done this before? I'm taking sailing lessons beginning in two weeks to start the process.
Not many people if any that responded to your post seem to have any experience keeping a vessel as their home.
The funny thing is many of them are correct when it comes to cost. If you have no training, real professional experience or it was the way you were brought up it WILL NOT be cheaper in the long run.
If you do this I recommend living on the smallest boat you can and at the least volunteer (to learn) on the larger sailboats in the marina on the weekend most livaboards and pros are happy to share advice and experience.
I bought my first home at 19 y/o (a 32ft Pacific Islander for 10k) Worked great for a home until age 23 After I moved to a 48 Hans Christian the now to a 54 CT Ketch which cost over 200k. I'm 36 y/o now.
Prior to going into the (land based) tech field I was trained as a marine engineer. I can do almost all my own engine, plumbing and electrical repairs without assistance or needing 2nd opinions. This saves a small fortune.
I do have a much lower cost of living and live on what most would consider a sailing yacht. I also live with a g/f over 2 years that took to the lifestyle.
That said. IMHO if you plan to go for this life do it.
I know young and older professionals who do it. The boat next me me is lived on by a very successful attorney. Down the dock is two college grad students. The boat across from me is a webmaster, 4 slips down a retired Actuary and his wife (on a cruise to Turkey right now) a few slips across is a Nurse and a teacher and a few others I have not had the privilege of meeting yet nearby (No college myself) G/f is an Executive.
We all help each other, have parties and get together unlike normal communities. If I get a knock at my hull at 3am I get up and go help (without question) like most living aboard. If a friend is away I watch their boat and take care of it. The last time I got sick I did not have to leave my quarters as the community brought me my food and sprayed my decks off for me. I have a normal land based job and my g/f and I coordinate our vacation time to cruise.
All in all I have what most people would consider a normal life. I consider my land friends my normies and I have my ocean friends called liveaboards.
You have to embrace most forms of minimalism to be happy at this.
You can be in style... for example
I like to dress well but this means when I acquire new clothes (I actually throw out donate old fashions even if they are still in good shape)
Other -
Anything I don't use in one year such as a tool, part or anything else I sell throw out or donate.
I do actually kill a lot of my own food. Rather than a 500 dollar grocery trip I will go visit friends on land and hunt. Many times I can yield enough meat to freeze to last a whole winter. In the summer I spearfish and follow other seasons.
I have normal TV when alongside. Even HBO and Skinemax.
I have good shower pressure and good power.
The truth for all of the perks
It is much more than taking care of a normal house. For the price and upkeep of my particular boat I could have a nice studio apartment in the City. But I find living on a boat much more interesting and all my friends show up to my parties because it's not a near 300k apartment in the city. If fact in Boston you cannot find a apartment with the size and storage my vessel has with the views I wake up to.
The big choice you have to make if you're an existing professional is the continued learning. I see 5 types of people in this community.
Idealist _ which normally do not last.
Learn as you go types - These are normally retired people or hobbyist that literally learn as they go. (many of them have the money to pay me to fix their mistakes) Which is fine if you have a nest egg or have a decade left to live.
Romantics - I've only met a few of these people usually you last hear from them on a VHF (Mayday)
Bums - same on as boat as in the street
Autodidactic - This is all of the above. These are the people that make the switch and stay. It requires street smarts the bums have, you have to be a bit of a romantic, you always have to be learning and you need to be a bit of a Idealist to get along with your community.