n Personal Finance Newsletter - Fractional ownership - time to live like the rich : alternative investments

Volume 2006, Issue 303
  • ISSN :



Extracted from text ... ALTERNATIVE INVESTMENTS Moneyweb's PERSONAL FINANCE February 2006 7 Fractional ownership - time to live like the rich Have you always longed for the jet-set lifestyle? Now you can have a slice of it. By MONIQUE VANEK "FRACTIONAL ownership" is fast becoming the preferred method of tenure. The super-rich are using it to buy private jets, designer bags, sports cars and vacation homes, also called private residence clubs. Even less-well-off people are using it to do so. Since NetJets first pioneered the concept of fractional ownership for business-class jets in the late 1980s, in high-end resort real estate markets, fractional ..

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