| Every September, my family and their friends | | | | collapsing and houses all over the country have |
| take a week long vacation on Daniel Island, South | | | | been foreclosed. But I'd rather not think about |
| Carolina. There is nothing we look forward to | | | | that whole mess and how it happened. I'd rather |
| more than basking in the sun and enjoying the | | | | think about my vacations. |
| amenities of the Charleston area. We go bike | | | | But I've recently found that there is viable way to |
| riding, eat at great restaurants, cruise around on | | | | think about vacations and investments at the |
| speedboats, and of course, take advantage of | | | | same time. Private residence clubs are the most |
| great fishing on the inter-coastal waterways. It is | | | | recent incarnation of timeshares. I could invest in |
| a time when all the tourists have left and it | | | | a luxury vacation home and enjoy it without the |
| sometimes feels like having an entire beach to | | | | stress of renting it out, repairing breakages, or |
| ourselves. Charleston has such a long vacation | | | | even cleaning. I wouldn't even have to screw in a |
| climate, that there is a greater span of optimal | | | | light bulb. Private residence clubs are equipped with |
| vacation time than the beaches where I come | | | | a full time concierge service. Therefore, as a |
| from up North. It's also the eighteenth century | | | | fractional owner, I could make a minimal |
| cultural capital of the South, so the architecture is | | | | investment for a great return. Included in the |
| so interesting, especially along the white sandy | | | | membership of a few certain residence clubs is |
| beaches. It is the ultimate luxury for us to go and | | | | the potential to access over 150 other private |
| stay in a vacation rental on the coast. However, | | | | residence clubs all over the world. |
| this year was different. | | | | I have realized that this type of investment first |
| We were sitting on the beach a few feet behind | | | | started in aviation, and is becoming more popular |
| our vacation home, as we do everyday that | | | | in real estate. Maybe it's because of the latest |
| we're there. Somebody walked by and told us | | | | housing crisis that people have realized maintaining |
| that the stock market had just closed down 800 | | | | real estate and taxes isn't the easiest way to go. |
| points. As removed as we were from the | | | | In private residence clubs, the properties and the |
| situation, it seemed that things could change and | | | | taxes are of lower cost, because they are all |
| might not be able to go on our luxury vacations | | | | shared. Fractional ownership private residences |
| so often anymore. But we went swimming | | | | are typically more luxurious and are in more |
| anyway and forgot about it for a little while | | | | desirable locations than timeshares, which explains |
| longer. Little did we know that the real estate | | | | their recent leap in popularity among vacation |
| market was doing the exact same thing. Now it is | | | | renters. It could certainly be worth it to check out |
| incredibly obvious that investing markets are | | | | something like this in the Charleston area. |