martinus_scriblerus
TUG Member
Hi:
Been a while since I've posted here. I've shifted gears and now have little interest in skiing or the beach. What I am interested in doing is going to London. Again, and again, and again. I've probably been 35 times over the past 40 years, and lived there for a semester in the early 80's when I was attending University.
There really is nothing in London in the timeshare area. The Allen House is long gone. It's my opinion that Marriott's 47 Park St. is not much of a value proposition. I had a good look at the property in person and it really didn't suit us (read it didn't suit my wife).
I looked at buying a fraction. Extensive googling led me to London Fractions. I met with the people there but I don't really see that they have anything for sale now.
So I am considering just buying a flat. BUT I only really want it for two or three months a year (and in the winter when most people don't want to be there).
So this is my question: is it practical to try some sort of co-ownership, say with three or four other families? Has anyone here done that (ie. without the involvement of a management company). The benefits are straight forward. But the devil is in the details.
I'd be happy to spend $300k for a quarter share and expect to pay proportionate operating costs, management costs, and reserves for a really high standard of maintenance. Has anyone gone down this road?
Thanks.
Been a while since I've posted here. I've shifted gears and now have little interest in skiing or the beach. What I am interested in doing is going to London. Again, and again, and again. I've probably been 35 times over the past 40 years, and lived there for a semester in the early 80's when I was attending University.
There really is nothing in London in the timeshare area. The Allen House is long gone. It's my opinion that Marriott's 47 Park St. is not much of a value proposition. I had a good look at the property in person and it really didn't suit us (read it didn't suit my wife).
I looked at buying a fraction. Extensive googling led me to London Fractions. I met with the people there but I don't really see that they have anything for sale now.
So I am considering just buying a flat. BUT I only really want it for two or three months a year (and in the winter when most people don't want to be there).
So this is my question: is it practical to try some sort of co-ownership, say with three or four other families? Has anyone here done that (ie. without the involvement of a management company). The benefits are straight forward. But the devil is in the details.
I'd be happy to spend $300k for a quarter share and expect to pay proportionate operating costs, management costs, and reserves for a really high standard of maintenance. Has anyone gone down this road?
Thanks.