Fractional Ownership Moves Beyond Jets to Include Yachts, Bentleys, Even Deluxe RVs
By RON LIEBER
Staff Reporter of THE WALL STREET JOURNAL
Traveling the interstate like a rock star seemed like a swell idea to Tom Roegner until he began to do the math.
The motor coach itself would cost more than a quarter million dollars, insurance and storage fees were expensive, and the depreciation would be immediate and dramatic. So the retired banker from Palos Heights, Ill. did what bankers before him have been doing with jets for years: he bought himself a chunk of the vehicle instead.
Fractional ownership, where buyers purchase a share of an expensive asset and pay the seller fees to handle the scheduling and maintenance, is a fixture of the private jet industry and a growing force in the market for vacation properties. Now, this model of ownership is creeping into other asset classes, too.
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