TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $11,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $11Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

NY Times article about Fractional Ownership

Discussion in 'All Other Timeshare Systems' started by RNCollins, Jun 12, 2019.

  1. RNCollins

    RNCollins TUG Lifetime Member

    Joined:
    Jan 2, 2016
    Messages:
    905
    Likes Received:
    327
    Trophy Points:
    224
    Location:
    Hudson Valley, NY
    Resorts Owned:
    Tradewinds, Divi, Quarter House
    How a Real Estate Concept From the Middle Ages Can Still Backfire
    https://www.nytimes.com/2019/06/07/your-money/fractional-real-estate-risks.html

    By Paul Sullivan / Your Money / The New York Times / nytimes.com / June 7, 2019

    “Robert Herr blames himself for what was his worst real estate investment. As a mortgage broker and real estate agent, he said, he should have known better than to buy a quarter-share in a beachfront condo.

    But like many others before him, he could not resist the siren call of sea air and an ocean view, all without the costs and aggravation of owning an entire piece of property himself. Instead, Mr. Herr could buy 13 weeks, drive the 90 miles from his home in British Columbia to use the weeks he wanted and put the rest of the time into the rental pool to cover his costs.

    Or so he thought. Most years, Mr. Herr and his wife cleared a couple of hundred dollars more than they paid in dues and maintenance. But they started to think the underlying investment, those 13 weeks, was losing value.

    When Mr. Herr sold his share in May, for 75 percent less than he had paid for it, his suspicion was confirmed, and he was furious for buying it in the first place....”

    755CD080-9E08-482E-9551-BD5148AA1F50.jpeg The Beach Club Resort in Parksville, British Columbia. Robert Herr, a mortgage broker and real estate agent, bought a fractional share of a condo at the resort, but later sold it for 75 percent less than he had paid for it.
    Photo Credit: Lindsey Blane for The New York Times
     

Share This Page