Fractional Ownership ? the Environmental Benefits
The potential for fractional ownership to transform life experiences via the lower cost and variety of leisure assets is well know. A subject that is less-often discussed is the likely environmental benefits of widespread adoption of fractional ownership.
What is Fractional Ownership?
For those not familiar with the concept, fractional ownership involves a group of people purchasing an asset that they do not want or need to use all of the time. They buy a “fraction” of the asset that entitles them to the amount of time that they need to use it. This is typically used for leisure assets such as second homes, yachts, cars etc. although it finds another application for functional items such as expensive business equipment or tools.