Launch HN: Ancana (YC S21) – Fractional ownership of vacation homes

Post by rblack44 » Fri, Aug 20, 2021, 8:17 PM UTC

slumdev wrote: post #42

rblack44 wrote: post #40

Earlier quoted context omitted.

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…

Who becomes owner of a person's share if he stops paying maintenance fees?

Post by mimifriends » Fri, Aug 20, 2021, 8:22 PM UTC

Post by smabie » Fri, Aug 20, 2021, 8:30 PM UTC

mrb wrote: post #93

I wonder if there is a way to game your system. For example instead of buying a 1/4 fraction, someone could set up two LLCs each owning two 1/8 shares. With the way you rotate the priority order from year to year, the person would get "first choice" two times within one cycle. Getting first choice two times for 1/8 each is superior to first choice one time for 1/4. For example the weeks around very popular vacation d…

Post by kfrzcode » Fri, Aug 20, 2021, 8:41 PM UTC

azinman2 wrote: post #89

rblack44 wrote: post #76

Earlier quoted context omitted.

Right, the fractional ownership model has been around for decades. We are making it more accessible and streamlining an otherwise complicated process. As you can see from this thread, the assumption by many is that we are a new take on a timeshare. But like your linked article demonstrates, there are many important differences between fractional ownership and timeshares. So while it rolls off the tongue easier, we wa…

To me it just sounds like you’re trying to avoid a 4 letter word. Even if your model is completely different, it’s so on the periphery of timeshares that I think you really need to find a different term. Maybe one that’s less “accurate” and one that’s a brand all its own. Might be worthwhile to learn how AirBNB has described themselves over time. Their name at least plays on something familiar but makes it different.…

Post by PaulHoule » Fri, Aug 20, 2021, 8:50 PM UTC

rblack44 wrote: post #70

dragonwriter wrote: post #12

As someone who has sat through several of them (and has bought a few), this is exactly, almost word-for-word (right down to the references to the complaints about the rest of the industry) the elevator pitch for every timeshare/vacation ownership scheme ever. > Unlike a timeshare, Ancana owners own a real asset (the property) versus a block of time. Like literally every timeshare/vacation ownership scheme I’ve seen o…

Thanks for the feedback. One of our biggest challenges is in overcoming the gimmicks timeshares use to hook customers. My parents have had a few different timeshares, some of which were great, others complete scams. They've been incredibly successful in building huge businesses with these tactics. It really comes down to what you are purchasing, when you can use the property, and how you resell. With timeshares you a…