Forbes (Associated Press)

"Not everyone can afford second homes, but as the baby boomer set nears retirement ... fractional ownership clubs like Exclusive Resorts gives them a shot at luxury living at merely well-to-do prices."

Martinez describes the worldwide vacation jaunts enjoyed by participants in a 2,000-member fractional ownership club who join and pay fees to relax for 15 to 45 days annually in any luxuriously-appointed home belonging to the club. The million dollar properties are nestled in highly sought-after locations across the globe. The author goes on to describe joint ownership of luxury cars and exclusive golf clubs that are available to New Yorkers who have above-average incomes but aren't in the super-rich set. They experience the rush of Ferrari driving and perfecting their swings on manicured greens at a fraction of the cost of full ownership or membership.