OK. I didn’t know floating house is a thing in RWC. I know about the house boats up in Sausalito but they are small cutesy things. This floating house is a massive 2200-square-footer! It’s pretty darn cheap by RWC standard, only 600K. But I suppose you don’t own the water underneath? Can you get evicted from the water and have to drag the floating house to berth somewhere else? How does it work? The listing didn’t mention any docking fee or HOA?
I was curious about floating house and found below link gives me useful information.
Although the article is mainly for Portland area, I think general facts can apply to RWC floating house as well.
To me, main downside seems
Floating homes are considered personal property and there are fewer lenders that offer loans. Interest rates are usually about 1 1/2 to 2 points higher than for real property loans and require a 20 to 25 percent down payment, with a term of 20 to 25 years.
Nice!
Perfect scenario to get rid of yourself as a drunk person.
After drinking a six pack of beers, you forget everything, then you need to go to the backyard to take a #1. “I’ll see you later honey” you say, and s/he will be smiling because they know you don’t know how to swim…
Great in a quake…not so good in a Tsunami. …Structures have little value…the land has value. …Like owning a trailer in a trailer park…rent is unpredictable