metalmike

A new scheme has crept into the property market called 'Fractional Ownership'. I have tried to find the difference between Timeshare and Fractional Ownership and although I am assured it is NOT a variation of a timeshare scheme, I can't see any difference, so to me it's just a re-brand of the old high pressure sales scam - er sorry, scheme. Has anyone been approached by a beared Aussie on the street corner offering free gifts, hotel dinners and a talk on cheap property by the Acdo Fractional Owners Club yet?

Fred James

From Wiki:-

Conceptually, Fractional Ownership is not the same as Timeshare. Fractional Ownership affords much of the freedom and usage benefits offered in timeshare, however, the fundamental difference with fractional ownership is that the purchaser owns part of the title (as opposed to units of "time"). Therefore, if the property appreciates in value, then so do the shares. As with whole ownership, fractional owners can sell whenever they deem necessary or prudent, releasing the capital growth from their "bricks & mortar" investment.

jdr

Yeah right, timeshare owners can also sell their units whenever they deem necessary or prudent, releasing the capital growth from their "bricks & mortar" investment too.
It`s just the latest translation of FLEECE.

jackytoo

Yeah, similar to timeshare except it costs more

agoreira

I guess this is like timeshare, but you can only sell if you have a buyer. Couple of guys I worked with ended up practically giving theirs away, they had been trying to sell for years. I've never been tempted by time share, and I couldn't see this tempting me either.