Luxury Home Magazine

I f you are looking for answers on how to navigate in the Hawaii real estate market, you may have and already reviewed the latest peer reviewed business journal or consulted with your trusted investment advisor. However, one concept to consider may be found no further than Robert Fulgham’s famous book on life, All I Really Need To Know I Learned In Kindergarten, with his first rule on the first page: Share Everything. Many of the well-heeled are looking at this concept with a range of asset-sharing arrangements to include yachts, autos, golf club membership, handbags, and jewelry. They are also looking to include their second homes. While the concept of fractional ownership dates back to the 1960s time-shares, the jet industry really started the high-end trend when it began selling shares of planes in 1986. Later, luxury resorts got into the market with fractional residence ownership. Today, fractional ownership is dominating real estate markets in many select resort communities on the mainland. In fact, the market research firm Ragatz Associates proclaimed 2006 a record year for private residence clubs and high- end fractionals, reported by the Aspen Daily News. However, in Hawaii fractional ownership has yet to really take off. And Obtaining a Slice of Paradise Special Section: Fractionals With a long history of yachts, jets and mainland vacation homes by the slice, today’s real estate investors are learning to share