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Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved.
Its website now advertises one-eighth ownership shares for $1.59 million. The most recent buyer hails from the South and has grandchildren who live locally on the East Coast, according to a Pacaso ...
Many of us have dreamed of owning a vacation home, but few of us can afford the investment. A study by Statista shows that only 6.02% of individuals between the ages of 30-49 own a second home, and...
Fractional financing can take two forms: traditional timeshare ownership and larger share fractional ownership which is legally known as tenancy in common (TIC). [1] Fractional mortgages for shares of 1/26 ownership or 2 weeks or fewer are considered timeshare financing, and is often provided initially by the project developers. Larger shares ...
That makes fractional real estate ownership — or buying a percentage of a property — an attractive alternative to owning it outright. The cost of the property is split between multiple ...
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