A new trend is developing among well to do people who like to travel, and who want to own a piece of several beautiful homes in desirable resort areas. Rather than owning a multi-million-dollar vacation property they may visit just once or twice a year, or buy a timeshare that stuffs them into a condo, many are opting to buy bite-sized pieces of luxury real estate they’ve acquired through fractional ownership.
From Hawaii to Italy, to ski resorts, these private-residence clubs offer luxury by the slice, says the Wall Street Journal. Owners buy a fraction of the property and are guaranteed a certain number of days, weeks, or months to do as they please-- backed by fully deeded real estate. We'll review the Journal's report and then welcome travel expert Ruby Kelly with Ruby Kelly Travel for the Q & A. You don't want to miss today's show, MASTERING MONEY is on the air!!