Charlotte and I have been talking about finances a lot lately, and we're looking at all the numbers very closely. Right now we have a nice little apartment with pretty cheap rent for San Diego downtown ($750). Our living expenses out of this apartment are probably somewhere in the $1000/month range, and the boat is somewhere around the same. So it's not like either one is totally insanely expensive, just that they're both moderate, and if we ditched one we'd be saving a grand a month, which is nothing to scoff at.
Also, I have this theory in my head from backpacking that "you will fill up your pack, whatever the capacity." I'm extending that a little bit further and thinking that because we can do more with a land based apartment, we will. We will opt to buy things that we can set on a shelf. We will buy more clothes because there's no space requirements, etc.
The cost aspect of it is one component, but another is just aligning our lifestyle more to where we want it to be and less of where we don't. Our neighborhood is becoming more gentrified every day. The apartment complex next door was renovated into condos, which although they've been having a terrible job of selling, will eventually be sold. Those condo dwellers will hate the building I live in, and somehow it will affect us. Parking will get worse, and well... times are changing.
We could certainly keep up with them, and chances are that we'd be able to stay in this apartment for another five years without issue. We've been paying an extremely low rent, and that's certainly very nice.
Maybe another aspect of it for me is simply having a bit of a change of pace. I've lived in this apartment since around 2003 I think, so that's going on four years. It's nice, and I certainly will miss it, but the only way you get to open a new door is by closing another one first.
I'll write more about it later, but I suppose I wanted to put it out there on our blog that we're seriously considering this now, with a timeline of somewhere in the summer.