Asklemmy

43945 readers

1028 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

Can anybody explain why someone sell me an apartment in resort ? (lemmy.world)

submitted 3 months ago* (last edited 3 months ago) by hahattpro@lemmy.world to c/asklemmy@lemmy.ml

33 comments fedilink hide all child comments

It seems sketchy as hell.

They sell an apartment, that apartment in resort. The price is about typical normal apartment.

They said that I own that apartment, and can visit the resort few days a year, enjoying staying at that apartment. Just book your day and they handled the rest. I still not fully wrapped my head about this concept yet, but why not stay there forever but "book" ?

My aunt said this seems good deal. But I feel something fishy.

Is it a good investment compared to normal apartment in residence building ?

Can someone tell me more details on this type of real estate?

you are viewing a single comment's thread
view the rest of the comments

[–] hahattpro@lemmy.world 15 points 3 months ago (2 children)

Wow, thanks.

So, timeshare is kind of pay all of your vacation (rent) cost for the room in 50-100year ?

Wow, those saleman turn them into real estate and say it is real estate that you can resell for profit.

[–] theit8514@lemmy.world 16 points 3 months ago (1 children)

In the US they are usually governed as real estate legally. You can resell it, but most people aren't interested in paying the maintenance fees. You'll find all sorts of timeshares out there being resold for 1$ because they just don't want to pay the maintenance fee anymore.

[–] hahattpro@lemmy.world 4 points 3 months ago (1 children)

So, it is too difficult to "discard" a timeshare so people give it away for free ?

[–] MagicShel@programming.dev 8 points 3 months ago

That is a huge downside. There's an entire industry that has cropped up around getting out of timeshares.

[–] scrubbles@poptalk.scrubbles.tech 14 points 3 months ago

Nope, there's whole industries out there that are built around helping people escape their timeshares. To make it resellable .. there have to be other people who want to buy it...