Real men and women buy real properties, time share is for losers and those who sell them are sleaze.
In most cases, yes.
Only suckers with no real assets buy time share properties and in some cases, one only buys a share of the lease and not the underlying property. Add to this the so called management fees and what do you get? A worthless piece of paper when it comes time to sell. In most instances you can get a classy hotel for a lot less investment with no long term commitment.
That certainly appears to be the case, mostly today. The exceptions to the rule are those Gulf coast properties I mentioned. They are real. I met their owners and they are happy with their investment in the 80s. And there is a massive demand for their pieces of paper.
Real estate agents STILL are drawn to the easy money of timeshare, in areas like Orlando. It's a lazy lifestyle. The agents meet their ups in the morning, tour them, do the drop and either sell or not. And they get out around 1 in the afternoon, where they end up in timeshare bars.
You're right. It's a loser industry.
|