Building a nation at or near the Equator...

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I don't know if I'm just missing the topic here or if it hasn't been broached before now.  I am curious about placing ourselves at or above/below (50-100 nm) the Equator.  I know about some of the good and some of the bad.

Good:  calm waters most year round; can build almost down to the water level without fear of being 'flooded out'; mostly out of the way of trade routes; good weather for both solar and wind turbines;

Bad:  Some tempatures are too high for comfort; calm waters most year round (will have to do somthing to make it useful for our own growing requirements, OTECs?); mostly out of the way of trade routes (if we decided to trade with others);

Some are good and bad but I wanted to know if a surface floating community would be better placed here with the proper protection from the elements (wind and sun mostly) or more of a bad idea.

Any information or even a pointer in the right direction to this topic if it's already been touched on would be greatly appreciated.

Bill

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For controlled drifting a gyre is nice

A steastead is probably not going to move fast through the water.   A Gyre with no shallow water seems a good place to be.  We can sort of drift in a big circle but use kites and sea anchors so that we drift in a controlled way and don't bump into each other.   With a multi-string kite a computer could control which way it pulls you (within some angle of downwind).  We would not need to expend fuel or electricity to hold a position, or have expensive anchors going all the way to the bottom.  Yet we should not be in danger of drifting into land.

http://en.wikipedia.org/wiki/Gyre

My personal favorite is the North Atlantic gyre also called the Sargasso Sea.

http://en.wikipedia.org/wiki/Sargasso_sea

The Equator

 Yeah, the equator is

 Yeah, the equator is definitely worth considering in order to avoid big waves.  But my favorite initial business idea is a hotel/resort, and so we need to be close to our customers.  But if you're making a true new community, the equator definitely has some advantages.