Fractional ownership of vacation homes as an investment.
Fractional owenership of vacation homes - anyone else WHO has done it and what is your experiences?
I bought into this : http://www.halcyondevelopments.com/halcyon-retreat and so far it seams very promising. It offers me the option of using the the place for one week a year, if I weant to, and it offers a fair ROI of 8% interest.
Now I love the idea as I get to use a luxury property without having to own (which I cant affort) and I dont feel I have to use it as I just get a higer interest if I dont. So it is not like most fractional ownerships where you doint get the Investment part of it.
What do you Guys think? Anyone else doing this? Anyone knows of a thing like this in Italy ? I'd love a part of an Italian home.