If it looks like a timeshare and smells like a timeshare, it’s a timeshare. If there’s no secondary free market to sell these “fractional ownerships” it’s just forced rent I can’t resell.
https://en.wikipedia.org/wiki/Incompatible_Timesharing_Syste...
Curious why you think there is no secondary market for these homes. The primary market is exploding for this model of ownership and given the limited inventory of vacation homes on the market, we think the secondary market is also going to be very large
https://luxuryfractionalguide.com/fractional-ownership-vs-ti...
As you can see from this thread, the assumption by many is that we are a new take on a timeshare. But like your linked article demonstrates, there are many important differences between fractional ownership and timeshares. So while it rolls off the tongue easier, we want to distance ourselves as much as possible from a timeshare. Appreciate the feedback, we'll continue to refine how we talk about our model!
I propose: CloudHomes.
What if one co-owner chooses to sell to someone whose intention is to sub-let as a party house?
That said, I do like standardized agreements in a lot of situations. I just am not sure it's best for these.
For clarity, I’m not asking to see contracts with peoples names or addresses. I’m asking to see what I would assume to be the actual terms one would be entering regardless of which specific property or others involved.
I have clarity. I don't think it would necessarily be good to let everyone scan it for vulnerabilities. They would need to clean it up more first. With web apps, even if the app is open source, the server config will often be hidden.
Otherwise, on some forums they might discuss how to take advantage of a timeshare, or how to get more out of the company managing it. Things like making extra by putting it on AirBnb or VRBO and not taking pains to avoid disruptive parties.
More access, more scrutiny.
> Unlike a timeshare, Ancana owners own a real asset (the property) versus a block of time. If you decide you want to sell your share, you are free to do so at any time, either through us or on the open market, and capture any appreciation the property has accrued.