San Francisco is so expensive, this couple decided to live on a boat — here's what it's like 10 years later
When Misa Gidding-Chatfield and Mike Kraft decided to move in together, they had two options: Buy a home for half a million dollars in the outskirts of the Bay Area (which would leave them with an hours-long commute into San Francisco) or live in the Bay on a boat.
Ten years after making the decision to live on a boat, the couple plans to reside at sea for the rest of their lives.
We spent a recent afternoon aboard Mike and Misa’s home to see what their life is like.
This is Mike and Misa’s home sweet home.
“I always wanted to live on a boat,” Mike, a project manager at a San Francisco electrical contractor, told Business Insider on a sunny day aboard the boat in the East Bay.
“Out friends and family thought we were crazy,” Misa said. The couple started looking at boats in 2005, while everyone else was buying real estate at the height of the bubble.
They figured they could save money living on a boat rather than squandering money on rent or blowing their savings on a house. San Francisco is one of the most expensive housing markets in the US. Between 2005 and 2018, the median sales price rose from $840,000 to $1.6 million.
They got on the waitlist for a live-aboard permit in a Bay Area marina and started shopping.
Read the full article from it’s original source: http://uk.businessinsider.com/couple-buys-boat-to-avoid-san-francisco-rent-2017-7