Friday, May 18, 2007
Time-share should have died years ago
"Fractionally owned homes are usually managed and maintained by a third party, to whom owners pay a handsome annual management fee." ... "If all this sounds similar to timeshare, there is one important difference. With timeshare you purchase the right to use the property for a number of weeks; with fractional ownership, you are buying the bricks and mortar" ... Semantics - guess who is making a packet, and since the market is CRASHING they are now passing on the PROFIT in building value .. err NOT I think. Its another way to con people out of their cash. How about a proper holiday under canvas ... and you can then packup your "house" and put it up again somewhere else next weekend.