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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.
5 Answers
- A HunchLv 71 year agoFavorite 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.
- Anonymous1 year ago
Go to SSA.gov and do some research
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- Anonymous1 year 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 ?
