"It's about location, location, location." by Rich Keith
Have wavering markets caused you to consider investing in the luxury real estate market this year? You're not the only one, according to Kerry Hannon of The New York Times.
As interest grows in our newest single destination LLC in Telluride, Colorado, we continue to hear praise for this amazing ski town tucked away in the San Juan Mountains. Most recently, Randall Weissman of the Chicago Tribune explores the thrills awaiting skiers both on and off the mountain:
Last Sunday, Lifestyle Asset Group's newest vacation home offering was featured in a Denver Post article written by Mark Samuelson. The article outlines the unique benefits of investing in a Lifestyle Asset Group LLC - specifically the stunning vacation home in Telluride, CO:
LifestyleOne LLC, our portfolio offering consisting of six luxury residences in six unique world class destinations, is the perfect second home solution for those with a sense of wanderlust, enjoying travel to a variety of destinations all while being invested in a real estate portfolio that is diversified. But it is undeniable to us, from literally hundreds and hundreds of discussions with people that considered LifestyleOne, that there is a voracious appetite for a shared luxury real estate ownership model that involves a single, remarkable residence located in their absolute favorite location. As you would expect, the variety of favorite destinations vary widely but included those coveted locations that often are cited as the top vacation destinations year after year: Hawaii, Cabo, Carmel, Lake Tahoe, Gulf Coast of Florida, Vail/Beaver Creek, Colorado, Napa/Sonoma, CA, NYC, Sea Island, GA, just to name a few.
With this benefit of meaningful insight from keenly interested vacation home buyers, we responded to this "favorite destination" appetite and created our debut product for a Single Destination LLC located in the charming and beautiful beach community of WaterColor, Florida.
In the latest Ragatz and Associates Annual Report, which analyzes data on the Fractional and Private Residence Club sectors, there are a number of data points offered and most of it does not need any real interpretation. However, there is one very significant point made in the report that begs for some discussion, as the statistics are startling. In particular:
In recent years, there have been many “game changers”in the world, defined by people or companies who are reinventing and revolutionizing long established beliefs and practices in certain industries. As an example,the introduction of automobile leasing changed how automobiles were acquired. Prior to the 1980’s, 100% of all automobile transactions were purchases. 100%! Today, nearly 40% of new automobile transactions are leased. A simple, yet great example of a "game changer”.