Timeshares represent a unique form of fractional ownership in real estate properties. When acquiring a timeshare, individuals are essentially purchasing a fraction of the property, such as 1/52nd for a week or 1/12th for a month. This model involves multiple buyers each owning a portion of the property. 

  There are two main types of timeshares: deeded and non-deeded. Deeded timeshares involve a direct ownership interest in the property, while non-deeded timeshares entail leasing the right to use the property for a specified period annually, typically for a predetermined number of years. 

  The cost of timeshares can vary significantly depending on factors like the size of the unit, location, deed type, brand, and duration of ownership. 

  Some properties utilize a point system where purchasers acquire points redeemable for stays at different destinations. 

  It is crucial to note that timeshares should not be viewed as investments. Unlike traditional real estate, timeshares do not appreciate in value or yield income. In fact, most timeshare contracts tend to depreciate in the secondary market, and owners do not accumulate equity as they would with a traditional vacation property.