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?

  • hahattpro@lemmy.worldOP
    1·
    1 年前

    Is owning timeshare similar to owning stock in vacation/hotel company? Can I get profit out of it ?

    • AbidingOhmsLaw@lemmy.mlEnglish
      9·
      1 年前

      usually not, you have to be the person who stays there, you can’t sublet. And you still have to pay your percentage weather you use your time or not.

    • NaN@lemmy.sdf.orgEnglish
      8·
      1 年前

      No. You will not profit. You will have a very difficult time getting out of it and lose money.

      Timeshares are a scam. They often do “earn a free night” presentations for people who don’t know any better.