Fractional ownership of second homes
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Consumers who want the luxury of having a second home at the beach or in the mountains, but don’t have the money to plunk down on the choicest properties, now have an appealing alternative: half ownership. Like other shared ownership ventures, Halfshare.com gives customers the chance to get a piece of the good life, but at a much lower cost. Unlike traditional timeshares, which pioneered the concept of fractional ownership, Halfshare.com buyers aren’t purchasing time in a hotel or resort, but an actual home—and all the benefits that go with owning it. Along with sharing costs, buyers share profits if the value goes up. And depending on the terms both owners agree to, the property may generate rental income, too.
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