this post was submitted on 08 Aug 2024
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Asklemmy
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Google Time Share. It's a huge con.
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.
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.
So, it is too difficult to "discard" a timeshare so people give it away for free ?
That is a huge downside. There's an entire industry that has cropped up around getting out of timeshares.
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...