Friday, August 1, 2008

A different real property investment

Have you heard about fractional ownership? Seems unfamiliar? Probably here in the Philippines but in other countries it’s becoming popular now. It’s very similar to timeshare and it actually started in the early 1990’s.

According to Wikipedia;

“Fractional ownership divides a property into more affordable segments for individuals and also matches an individual’s ownership time to their actual usage time. A fractional share gives the owners certain privileges, such as a number of days or weeks when they can use the property.”

Sounds good right? How about having one at Winter Park, Lakota? Now, that sounds even better. If you have one, you need not worry where to head to on holidays, need not worry of ever increasing hotel rates. You just pack your things and enjoy a good vacation.

This picked my interest so much, because I love holidays and vacations, I love family outings. If I could, I would invest in this kind of real property ownership.

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