 The two views are identical if no objects can have a property unless the objects and the property exist. Otherwise they are distinct. Suppose there is such a thing as the fact [being human; Socrates]. Both views can countenance such an object. But for the first the fact will exist only in worlds where Socrates exists, while for the second it is sufficient that Socrates has the property of being human. And it may be held that Socrates has the property in all possible worlds, even in those where he fails to exist. (Of course, there is a similar issue regarding the existence-conditions of facts across times.)