I plan on a 25′ Catalina sailboat with two heads and two cabins with galley. That puts me at under $400 for slip fee. So factor a $3K mortgage plus $500 slip fee not too bad for best of both worlds.
Actually since I am also a pilot, I’ve looked at buying a home outside of California in place like Nevada, Arizona or Oregon where prices are even cheaper!
So a plane at 80K plus sailboat at 10K plus home in OR/NV/AZ at $200-300K that makes a monthly nut of 3-4K to have all toys accounted for and tax breaks for business. Or live in cheaper part of California like Chico or Oregon coast.[/quote]
mixxalot, I’m sure you realize that there is a nice private airport (Gillespie Field) situated between Santee and Bostonia (EC 92021) where you can store your plane. 92021 also has a beautiful community on its NE edge, “Blossom Valley” which has ample lots to park toys (and horses) on. However, the HOA’s in there may have restrictions as to height and where an owner can park their big toy. It’s a very nice community which holds its value well (in comparison to surrounding communities) but may likely be too expensive for you.
I’m only mentioning Blossom Valley here because you posted that you are expecting to pay a $3K mo mortgage. A $200-$300K house in AZ will only have a +/- $1500 mo mortgage (PITI) at today’s 30 yr fixed rates. If you are intending on paying $3K month for PITI, I figured you may as well have a property which will save you your monthly slip fees :=)
