A woman posing on a trolley.
Amy Beihl couldn't afford to buy a property she wanted in New York City, so instead purchased a 1/21st stake in a collection of five homes across Europe.
  • Amy Beihl loves living in New York, but felt buying even a small apartment was beyond her budget.
  • Instead, Beihl chose fractional ownership: investing in a share of five vacation homes in Europe.
  • She spent less than she would have in NY, gets to enjoy vacations, and feels a bit of ownership.

This as-told-to essay is based on a conversation with Amy Beihl, a 32-year-old working in digital consulting, about her decision to buy a 1/21st stake in five European vacation properties in 2022 through August Collections instead of purchasing her own home in the US. The conversation was edited for length and clarity.