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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

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.

dmos62 5y ago
You should have read the post before commenting. > 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.
- thiscatis 5y ago
  “Open market” yeah right
- Dobbs 5y ago
  and as others have pointed out many timeshares say this exact same thing.
- MattGaiser 5y ago
  That doesn't mean there is someone willing to buy it on the other end.
  - rblack44 5y ago
    demand for this model of ownership is exploding. From a buyer's perspective there is no functional difference between the primary and secondary market. It is certainly more liquid than a timeshare and in most cases easier to sell than an entire home given the lower upfront and maintenance costs
- smabie 5y ago
  What open market? There's no liquidity there.
rblack44 5y ago
One way to look at this is unlike a timeshare, Ancana has no ownership interest in the property. Resorts own the property and sell you access to that property. At the point all of the shares are sold, we become property managers. You don't have to sell the share back to us like you do with timeshares - in fact, we don't purchase shares back. You are free to list your fraction with an agent of your choosing or sell to your own network at whatever price you desire. Given that we have a large list of qualified leads, we are happy to list your fraction for sale, but that is not a requirement. 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
- slumdev 5y ago
  Who becomes owner of a person's share if he stops paying maintenance fees?
  - rblack44 5y ago
    Ancana steps in and takes over the share and finds another buyer. Other co-owners are protected in this case.
- everybodyknows 5y ago
  > free to list your fraction with an agent of your choosing or sell to your own network at whatever price you desire. What if one co-owner chooses to sell to someone whose intention is to sub-let as a party house?
  - benatkin 5y ago
    That's what Ancana takes care of, and what you entrust them to take care of. Some would involve lawyers instead. I certainly would.
    - tmp_anon_22 5y ago
DonHopkins 5y ago
At least the Incompatible Timesharing System offered free tourist accounts. https://en.wikipedia.org/wiki/Incompatible_Timesharing_System https://en.wikipedia.org/wiki/Incompatible_Timesharing_Syste...

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.

dmos62 5y ago

You should have read the post before commenting. > 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.

thiscatis 5y ago
“Open market” yeah right
Dobbs 5y ago
and as others have pointed out many timeshares say this exact same thing.
MattGaiser 5y ago
That doesn't mean there is someone willing to buy it on the other end.
- rblack44 5y ago
  demand for this model of ownership is exploding. From a buyer's perspective there is no functional difference between the primary and secondary market. It is certainly more liquid than a timeshare and in most cases easier to sell than an entire home given the lower upfront and maintenance costs
smabie 5y ago
What open market? There's no liquidity there.

rblack44 5y ago

One way to look at this is unlike a timeshare, Ancana has no ownership interest in the property. Resorts own the property and sell you access to that property. At the point all of the shares are sold, we become property managers. You don't have to sell the share back to us like you do with timeshares - in fact, we don't purchase shares back. You are free to list your fraction with an agent of your choosing or sell to your own network at whatever price you desire. Given that we have a large list of qualified leads, we are happy to list your fraction for sale, but that is not a requirement. 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

slumdev 5y ago
Who becomes owner of a person's share if he stops paying maintenance fees?
- rblack44 5y ago
  Ancana steps in and takes over the share and finds another buyer. Other co-owners are protected in this case.
everybodyknows 5y ago
> free to list your fraction with an agent of your choosing or sell to your own network at whatever price you desire. What if one co-owner chooses to sell to someone whose intention is to sub-let as a party house?
- benatkin 5y ago
  That's what Ancana takes care of, and what you entrust them to take care of. Some would involve lawyers instead. I certainly would.
  - tmp_anon_22 5y ago

DonHopkins 5y ago

At least the Incompatible Timesharing System offered free tourist accounts. https://en.wikipedia.org/wiki/Incompatible_Timesharing_System https://en.wikipedia.org/wiki/Incompatible_Timesharing_Syste...