NY Times, Be a Million Dollar Baby for a Monthly Fee:
“With luxury goods,” Mr. Pedraza said by phone, “many people today are more interested in collecting experiences than they are in actually owning the asset,’’ He added that even among the not-so rich, the thrill of possession palls fast. Wealthy people in particular “are tired of the clutter in their lives,” he said. “They don’t want the hassles of ownership. More than possessions, they want variety.”
So true. I don’t want to own a boat, I just want the experience of going boating every other weekend for two months a year. It’s really too bad there isn’t a service like My Other Car but for small boats (there are some Seattle based fractional yacht companies but $100,000+ for part of yacht is way out of my price range :) ).