Luxury Yacht repos on the rise

The Luxury yacht market is suffering along with the housing market, and foreclosed yachts are piling up alongside the condos in Florida. 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.

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