Buying a home is seemingly impossible these days – so one man has headed out to sea to save some cash.
Austin Wells from San Diego is beating the cost of living crisis by ditching dry land and buying a flat on a cruise ship.
He says not only is it cheaper than buying back in California but that he'd also get to travel the world.
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Austin splurged $300,000 (£246,465) on a 12-year lease on a studio apartment onboard the MV Narrative. However, the massive cruise ship won't be ready to set sail until 2025.
Once construction is finished the ship will offer a whopping 500 private rooms and apartments.
The 28-year-old’s studio apartment comes equipped with a desk, shower room, pantry and foldaway bed.
Austin and all other guests will also get access to the private gym, the farmers market, 24-hour room service, private kitchens and medical services.
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The ship will also offer around 20 restaurants and bars, a bank, a cinema, a swimming pool, and even a school and library.
Speaking to CNBC, he said: "The thing that most excites me is I don’t have to upend my daily routine, in order to go see the world.
"My working hours will be shifted towards evenings, nights and very early mornings, but that does open up the ability for me to see a city midday to afternoon.
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“This is probably the first time ever that there is even the ability to have a standard job and even consider working and living from a floating apartment complex."
The Sun reported that a flat in San Diego costs around $2,500 (£2,053.88) per month – meaning Austin could save $500 (£410.77) on rent alone.
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