New Fractional Ownership

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Cogland

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New Fractional Ownership
« on: February 01, 2013, 14:11:52 »
Had an email today about Fractional Ownership. In brief you buy in for 15 years and then share in the residual value.Not much more information. My first thought is that this is a great opportunity for new members who can buy in without the worry of being locked in and maybe get a little back at the end of the 15 years.

For existing members the news may not be so good. Many of us in the Club had hoped that Diamond would see the sense in removing the lock in because it is counter productive and is acting as a barrier to many prospective new members. It looks like they have found a way that offers this to new members but leaves the rest of us locked in.

Not good news! I think those of us in the original club may now be left to die out slowly or wither on the vine! whichever you prefer. The next move I fear may be to offer the new type of membership to us existing members but I bet there will be a hefty fee involved.

I hope I am wrong time will tell.