For many families, fractional ownership allows efficient and affordable ownership of a vacation home. It’s a concept that just makes sense — why own 52 weeks of a second home when you’ll use it just six weeks? Expanding on the concept, some families have elected to own more than one fractional home. For example, owning at a location focused on summer use and at a winter location. Or, owning a fractional within driving distance for long-weekend use and also owning a fractional in a “fly-to” destination. Owning in more than one location offers diversity in use and scenery and STILL costs much less than owning a 52-week vacation home.
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Vail Resorts, a $1Billion company, recently shifted 80% of their advertising budget to the internet. Vail Resorts cited quicker response times of internet and the unfortunately long lead time of traditional publications.
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You’re seriously considering buying a second home or vacation home. What are your options? Is whole ownership the right choice? What about fractional or shared ownership? What’s more important to you – investment or enjoyment? This report answers these questions and more.
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The recession has changed resort real estate shoppers’ purchasing power, values and behavior. Further, resort real estate and hotels may recover at differing paces. This article examines implications for developers, resort planners, and lenders.
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Why buy 100% of a home just to use it 10% of the time?
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