All Topics / Help Needed! / fractional ownership

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  • Profile photo of hschmidhschmid
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    @hschmid
    Join Date: 2007
    Post Count: 87
    May 28, 2008 - 5:37 am

    Hi everyone!

    There is a new resort project being proposed for Mt Hutt (New Zealand South Island) offering fractional ownership of apartments.

    This is where you buy 1/2 or 1/4 or even 1/12 of an apartment (as tenants in common).

    I've googled fractional ownership and it seems to be a popular and growing trend in vacation home ownership.

    It's a bit like boat syndication.

    Its also a bit like timeshare except you actually own title (at least for your share) not just "right of use".

    Like timeshare, you can exchange (your time) for time in other affiliate resorts around the world.

    Has anyone any experience or thoughts on this ownership format!

    Thanks

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