On the sun-splashed Florida peninsula, the US foreclosure crisis is sinking lavish lifestyles on land and at sea and luxury yacht owners are increasingly finding themselves high and dry.
The listing for a recent attractive property swallowed up by the crisis appeared to be a sea-front condominium: two bedroom/two bath, outdoor grill, water views, elegant and spacious. Satellite television and temperature-controlled wine cabinet included.
But it was a 60-foot (18.3-meter) yacht, docked amid a crush of other luxury marine toys at a Fort Lauderdale boat yard……Â Details
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