This will change your Idea of what it means to be a Home Owner

There is a new real estate opportunity in town. Well, it literally may not be in town for long. A new cruise ship called The World is selling condominiums aboard a cruise ship. They are offering that the Ship will set sail and continue to sail around the world. You can join the cruise at any port on the itinerary and if you purchase a “residence” you can enjoy your very own space while traveling from port to port.

The World has a set itinerary for the next 2 years. Ocean residences as they are called are starting at $3,800,000. I wonder if the value of your residence will fluctuate on the annual itinerary of the ship? They will also rent you a residence from $1,200 to $4,200 per night. Sounds like an expensive vacation to me. Especially if you consider you can get a 7 night stay on Royal Caribbean Cruise Lines for approximately $800. It will be interesting to see how these ocean residences fair in our changing markets. My guess is that if you have $3.8 million dollars of disposable wealth, then you are not concerned with the future value or liquidity of your ocean residence.