OwnMutually is an Australia-based web platform that lets people crowdfund fractional ownership and subsequent use of luxury items such as yachts, cars and even skycatchers. The idea combines Kickstarter’s crowdfunding concept with partial ownership and the website is due to launch on April 2013.
The concept is new and very useful for those who aren’t interested a full investment. Partial ownership especially makes sense for items that have seasonal use. Cottages, boats and yachts are luxury properties that lead this category.
If you don’t have the motivation and funds to own a yacht at this period of your time but would still like to make use of it from time to time, consider partial ownership and find a value partial investment proposition on this new platform.