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

submitted 1 month ago* (last edited 1 month ago) by hahattpro@lemmy.world to c/asklemmy@lemmy.ml

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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?

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[–] Bitrot@lemmy.sdf.org 8 points 1 month ago

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.