If it looks like a timeshare and smells like a timeshare, it’s a timeshare. If there’s no secondary free market to sell these “fractional ownerships” it’s just forced rent I can’t resell.
You should have read the post before commenting. > Unlike a timeshare, Ancana owners own a real asset (the property) versus a block of time. If you decide you want to sell your share, you are free to do so at any time, either through us or on the open market, and capture any appreciation the property has accrued.
Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
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Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#42If it looks like a timeshare and smells like a timeshare, it’s a timeshare. If there’s no secondary free market to sell these “fractional ownerships” it’s just forced rent I can’t resell.
One way to look at this is unlike a timeshare, Ancana has no ownership interest in the property. Resorts own the property and sell you access to that property. At the point all of the shares are sold, we become property managers. You don't have to sell the share back to us like you do with timeshares - in fact, we don't purchase shares back. You are free to list your fraction with an agent of your choosing or sell to…
Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#43Thanks for sharing. FYI, the meta tags on your English site ( , , etc.) are still in Spanish. For SEO and usability, you might want to update those to English as well. Good luck with the venture!
Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#44Your approach might be more principled than the way timeshare companies operate. But it also sounds like you're leaving a lot of money on the table, compared to the way timeshare companies operate. And investors won't let that continue if you can't convince them that your approach will somehow make more money than timeshare companies.
Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#45- Investment opportunity
- Potential rental income
- Personal enjoyment
and as a result seem like they don't really achieve any of those cleanly and this just seems like it kinda swirls those three around in a slightly different manner.
I was really hoping for something that was more of a larger scale investment business or something.
Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#46How do you handle the situation where one owner refuses to make any investment in the property or doesn't pay for investments / costs?
If a co-owner stops paying their monthly fees, they are in violation of the real estate contract and liable to forfeit their ownership in the home. Similar to someone defaulting on their mortgage.
Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#47If it looks like a timeshare and smells like a timeshare, it’s a timeshare. If there’s no secondary free market to sell these “fractional ownerships” it’s just forced rent I can’t resell.
https://en.wikipedia.org/wiki/Incompatible_Timesharing_Syste...
Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#48Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#49If you ever relinquish majority ownership of this company in exchange for funding, it will eventually become "Timeshares But As An App". Your approach might be more principled than the way timeshare companies operate. But it also sounds like you're leaving a lot of money on the table, compared to the way timeshare companies operate. And investors won't let that continue if you can't convince them that your approach w…
Re: Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes
#50Earlier quoted context omitted.
That's how you sell timeshares, by describing your particular implementation as innovation, often by explicit misrepresentation of the existing ones or implicit misrepresentation of yours (describing others maintenance/management fees as expensive and/or hidden while you have and do not highlight your own fees of the same kind being a common example of the latter.)
My parents have been timeshare owners for years so I'm very familiar with the sales tactics resorts use. Regardless of how they spin it, all you really own is a block of time. With Ancana your purchase is a deeded right to the property. You are an actual home owner. Where the difference becomes clear is when you can use the property (fixed weeks vs. on-demand) and what happens when you want to sell the property. Reso…
Most modern “timeshares” (the word remains current in common use though the technicalities have changed and the industry has mostly moved to “vacation ownership”) are deeded straight to the property and use this as a differentiating sales tactic to people's image of timeshares not being that way. I also have been a timeshare owner for years, and that's been the case with each except on in Mexico sold in blocks of weeks per year for a limited term of years because the market was largely international and Mexican law limits foreign ownership of coastal property.
> Resorts force you to sell your time back to them and they dictate the prices
No, they mostly don’t; that what is sold is freely marketable fee simple ownership is a heavily marketed feature of most. There are even real estate brokers that specialize in this market.
Though differentiating on the perception that most other vacation ownership options do this is very common in the industry.