'I’ve Bought An Apartment On A Cruise Ship – It’s Cheaper Than Home And I Get To Travel The World Too'

By Samantha in Life Style On 10th December 2022

This San Diego man decided to buy an apartment on a cruise ship and says that it was a cheap investment compared to the cost of an apartment in his California hometown.

Speaking to CNBC, Austin Wells stated that he spent $300,000 (£246,465) on a 12-year lease studio apartment onboard the MV Narrative.

However, the ship is still under construction in Croatia and isn’t due to set sail until 2025.

Credit: CNBC / @ajbc_1 / Alamy Stock Photo

The mega cruise ship boasts a whopping 500 private rooms and apartments, with Wells’ room spanning 237 square feet and features a desk, shower room, pantry and foldaway bed.

Wells, who live onboard is granted access not only to a private gym and farmers market but he also has access to medical services, 24-hour room service and private kitchen.

Credit: CNBC / @ajbc_1 / Alamy Stock Photo
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Well, the idea seems cushy, doesn't it?

What’s more, the ship plays host to 20 restaurants and bars, a school, a library, a bank, a cinema and a swimming pool.

28-year-old Wells shared: "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.”

Credit: CNBC / @ajbc_1 / Alamy Stock Photo

He added: "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."

Wells also said he hopes he’s going to make lots of friends onboard seeing as he’ll be ‘travelling the world with them’.

According to The Sun, a flat in San Diego costs around $2,500 (£2,053.88) per month while Wells’ room on the MV Narrative will set him back about $2,000 (£1,643.10) per month, which adds up to an instant saving of $500 (£410.77) on rent alone.

Credit: Storylines.com
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The paper notes that Alister Punton and Shannon Lee, the bosses of luxury residential ship brand Storyline, came up with MV Narrative because they ‘wanted to offer more affordable apartments for life at sea’.

Around 1,000 residents will call MV Narrative home when it sets sail in a couple of years and there’ll be 11 different types of home onboard.