Couple sold their house to live on a cruise ship forever, says it’s cheaper than mortgage

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A retired couple decided to spend their remaining time on a cruise ship than living in a house. They said it’s more affordable to live permanently on a cruise ship than pay for the mortgage.

Angelyn Burk and her husband Richard are living their “best life” traveling the world, enjoying world-class cuisine, and meeting people aboard a cruise ship. They said it’s so much better and cheaper than paying for a costly mortgage.

“Our original plan was to stay in different countries for a month at a time and eventually retire to cruise ships as we got older,” Angelyn said on Australia’s 7News.

“We have been frugal all our lives to save and invest in order to achieve our goal. We are not into materialistic things but experiences. We don’t plan to permanently live on land in the future,” she added.

Angelyn admitted that they love to travel and they were searching for a way they could do that even during their retirement days.

Cost of Living in A Cruise ship vs Real Estate Mortgage

Angelyn, a former accountant, computed that their average daily expenses on a cruise are around $89, including a comfortable room, food, and entertainment. The sum per year was around $32,485. The initial budget they set aside for their cruise was $135 per day, so they were glad the actual cost was less than they expected.

“Currently, this year, we have secured 86 cruise days with an average all-in cost of $89/day for both of us. Which includes room, food, entertainment, transportation, gratuity, port fees, and taxes,” Angelyn shared on CNN.

The couple had been traveling on cruise ships since May 2021 and have no plans of settling back since they already sold their house in Seattle. So far, they have traveled to Mexico, Costa Rica, Canada, Alaska, Japan, Indonesia, and Vietnam.

“Where else can you have your resort take you to different countries while relaxing by the pool or sleeping in a comfortable bed?” Angelyn shared.

According to Zillow, a real estate marketplace, the average cost of homes in Angelyn’s town in Seattle is around $984,863. In Angelyn’s hometown, the average monthly cost of a 30-year fixed mortgage with a 20% down payment is $5,034 per month or $60,408 per year. That’s more or less twice than what they spend on the ship every year! However, you’ll be far from your family and friends.

So, is it a yay or nay?  🙂

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