The easy and affordable way to own a vacation home is through a rapidly growing concept called fractional ownership. Also called private residence clubs, it allows you to enjoy as many fractions (weeks) of home ownership privileges per year at an upscale, luxury resort - but at a fraction of the cost of whole ownership.
If you want to own an impressive second home complete with personalized services and located in an expensive resort but can't quite justify the expense because you'll only be using it a few weeks or months of the year, this type of real estate arrangement may be the answer to you.
Currently, the real estate market for fractional ownership properties are being affected by the baby boomers (person who was born during the demographic Post-World War II baby boom, between the years 1946 and 1964). 78 million US baby boomers will retire in the next 15 years with 50th birthdays occurring every 7 seconds, 103 million in Europe by end of 2009, Japan will have 32 million in 2010 for a total of 213 million baby boomers competing for a uniquely similar retirement lifestyle. The baby boomer wave is responsible for making fractional the fastest growing real estate product.
Be sure to take advantage of this kind of unique opportunities, should they arise in the future.