How does shared ownership differ from the economic considerations for wholly owned real estate?
Primarily, shared ownership allows you to afford a much more luxurious, elegant and larger vacation property than you would normally on your own. All costs and expenses are all divided and shared among the owners, so you don’t have to carry the burden yourself. Ownership is evidenced by a fee simple “Tenants In Common” granted deed to the property, exactly like the home you live in now. And, you still enjoy all the benefits of real estate ownership. This is true value that caters to discriminating investors who are looking for a second home but really don’t want the full burden of owning a second home. The more expensive the property, the more shared ownership makes financial sense!
