Would it be Cooler/Cheaper to live on a yacht instead of a house? Can I take out a loan to buy a yacht?

Sorry to break it to you, but if you earn only 65k, then you would never qualify for a $500,000 home loan. My husband and I earn more than that, and we only got approved for $250,000. I'm guessing your dad bought the home a while back, and the value increased.