If you want to spend much of your life cruising on small ships (less than 1500 passengers), it helps to be very old or wealthy. At least, this is common wisdom, but some investment syndicates are trying to level the playing field by making frequent cruises available to many of us.
Right now, the residential cruise ship called The World seems to be the only proven model for people making their homes at sea on a small ship. The World was commissioned about 20 years ago by Canadian hotel investors. The original idea was to combine high-end condos and luxurious hotel suites onboard a vessel that would circle the globe. The hotel revenues would offset the ship’s operating costs, making the residences more affordable.
According to stories written at the time, the project failed. Some say it was because the expectations of the condo owners weren’t Read the rest of this entry »