I've seen some posts describing the difference between owning, renting, or being a fractional owner but a recent ad I saw on a 172 or 182 had me confused, pretty sure it was a 172 but its possible that it was a 182. It was a fractional ownership with a buy in of $32,000, monthly dues of $125, and an hourly rate of $90 for flight time. As a renter I saw this and was a bit confused as to the benefit of such an arrangement. If I pay $32K to buy in, why on earth would I want to put another $1500 per year into a plane before I add in flight time. If I fly 5 hours a month that's a total of $5400 per year. All together I'm in close to $40K per year. Now I get that renting my have limitations such as availability, how long I can rent for a weekend trip, minimum flight hours over a span of time, etc... But is it normal to have a buy in rate with a monthly fee and hourly rate? I would think with a $32K buy in there would be no monthly fee but still an hourly rate to keep up on expected maintenance and don't think that is unrealistic but as I've never owned or been a fractional owner I'm confused at how all of this works.