Best route of finance

[Knotty]

"exactly hence why we are now selling up! at the end of the day we feel we are selling one asset, made of bricks ( on a main road!) to purchase a steel asset"

BIG BIG BIG difference - a house and a boat are both assets BUT! - a house is an appreciating asset, a boat is a depreciating one.

 

Buying a boat can never be equaled to buying a house, your house can be your pension, your medical insurance fall back, your retirement cruise, your bequest - a boat really will only ever be (at best) a sort of break even bit of fun!

 

Financially, you would be better to rent your house out and have fun in your boat (or downsize your house for a smaller rental property if you need to release capital and/or make the numbers stack up for you)

 

 

we have taken finacial advice, and have come up with a few options. To be honest we just dont really want the hassle of the house/tenants etc we did have it rented out all of last year when we rented out a larger property in the country.

 

Other options are also..

 

put aside left over assets into a high interest savings account

Pay of parents mortgage/buy a slice of there house which we are discussing at present

 

These seem like more logical ideas and a good option for the second idea as it helps people all round.

 

Ive had brain ache today .. no good mixed with flu! boo hoo