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I don't think anyone is really objecting to the concept that you could share ownership of a holiday place and share the ability to use it. That's not the proble
by Traster 5y ago
I don't think anyone is really objecting to the concept that you could share ownership of a holiday place and share the ability to use it. That's not the problem with timeshares. The problem with Timeshares is that there is basically only 1 way for timeshare companies to make more money on proprety they've already sold - and that's to increase the maintenance costs until the property is basically worthless, and that is generally what happens. My aunt got a timeshare left to her in someone's will. The maintenance fees for the timeshare (a villa in Portugal) are - funnily enough - more expensive than booking 2 weeks in a villa in portugal. Does she technically own anything? Yes, she owns a liability that she can't get rid of.