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Newsweek International

| December 08, 2003 | Sparks, John; Edry, Sandy Lawrence; Given, Ron; Kelley, Raina; Carmichael, Mary; Starr, Mark | COPYRIGHT 2003 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TRAVEL

It's All Smooth Sailing

--By John Sparks

It's a seductive fantasy as winter darkness falls across the northern world: you're at the helm of a sleek 15-meter yacht as it cuts through warm crystalline seas, a steady trade wind filling the sails. In the breeze, the clinking halyards whisper: "You can buy this boat, have somebody else maintain it and get a guaranteed double-digit return on your investment."

If that sounds too good to be true, you may want to look into the latest twist on the time-share condo: boat charters. A growing number of companies are using a combined appeal to hedonism and fiscal prudence to entice would-be ...

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