A prospective client recently told me they were going to try to determine whether there was interest among potential buyers for a fractional interest in their California beach home. My response was that fractional industry insiders will tell you that even though sales may have dropped off somewhat at the moment, interest in fractional ownership is at an all time high. Now, more than ever, sophisticated families seek to diversify their real estate portfolios and hedge their risk by only buying as much cabin or beach house as they can realistically use. My google alerts for news on fractional ownership have been active for years and I certainly see more news today on existing and new fractional homes than a year or two ago.
In fact, Alan Macher has written an informative article on fractional ownership in this month's Where to Retire magazine. Alan interviewed me a couple of months back and he was kind enough to include a few quotes on page 49.
Check out the article here: http://www.elcorazondesantafe.com/images/news/elc_article.pdf
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