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Property and Real Estate
This detailed article covers many issues relating to fractional ownership of property or real estate. Although some aspects are very specific to the USA, particularly the sections on finance and taxation, it gives an excellent all round view of fractional ownership and the issues you need to consider. Here are the current fractional property or real estate listings.
I've been reading about "auction culture" recently and it seems particularly relevant to sharing. Auction culture is one aspect of e-bay's impact on buying decisions. People are increasingly aware that some luxury items can be sold after a year or so for a high percentage of the original price. So when they want a new version, or if they decide they don't need the item after all, they know they can recover much of the original cost. This can make the item better value than something that actually costs much less. So buying a Louis Vuitton handbag can be more cost effective than is immediately apparent to many people (and all men). Or, as explained in Futureshop by Daniel Nissanoff , how a $750 stroller (£350 pushchair to us Brits) can be the cheapest child transport option Many people who consider buying a second home (or vacation home) face a dilemma. Flexible or fractional rental covers a huge range of ways in which long term flexible or fractional rental agreements can be set up to share an asset. Below are some examples based on property to give you some ideas, but the principles can be applied to boats, mobile homes, aircraft and just about any valuable asset. |
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