Why do many consider fractional ownsership to be superior to full ownership?
Cottage ownership can be an expensive proposition. A luxury waterfront cottage can be a sizable investment and the carrying costs of mortgaging a cottage can make the investment out of reach for many. In addition to the cost of purchase, you have operating costs such as waterfront property taxes, ongoing maintenance, insurance, etc. As well, even though the costs of full ownership continue 12 months out of the year, few people can actually enjoy the investment for more than a limited period of time. With fractional ownership, you only purchase the time you will reasonably be able to spend at your luxury vacation villa.
