Can a person buy a house boat to live on while on SSI not SSDI?

He has a house but was damaged by hurricane Michael and cannot afford to repair the house. So he asked me if I knew could he sell out and buy a house boat to live on. Supplemental security income! 

He has a personal loan payment to family that loaned him money for repairs and cannot keep up with the cost. 

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  • 4 weeks ago
    Favorite Answer

    SSI doesn't matter where you live

    It depends on how much assets he has.

    If after selling his house, he ends up with more than $2K in assets, he is not going to remain on SSI. 

  • R2D4
    Lv 6
    4 weeks ago

    if you have the money

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  • 4 weeks ago

    If he can afford it, why not?

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  • Anonymous
    4 weeks ago

    Go to SSA.gov and do some research

    • Injun
      Lv 6
      4 weeks agoReport

      I have read through it and living on a house boat is allowed . Though information as to roll over of any financial gain other than it could be used against his SSI payments. The roll over would be to finance the house boat to live on...!

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  • Anonymous
    4 weeks ago

    SSI limits the amount of assets you can have.

    * On roughly $800.00 a month how can he possibly afford to maintain a houseboat ?

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    • Injun
      Lv 6
      4 weeks agoReport

      Cheaper than living in a house that needs $34000 in repairs. The overall yearly costs are much less than living a house. 

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