5 ms·
Also, timeshares have a terrible terrible reputation. Hence the drive to try and rebrand as "fractional ownership" or whatever. It's quite amusing to check out
by Lazare 5y ago
Also, timeshares have a terrible terrible reputation. Hence the drive to try and rebrand as "fractional ownership" or whatever.
It's quite amusing to check out the wikipedia page on timeshares (https://en.wikipedia.org/wiki/Timeshare https://en.wikipedia.org/wiki/Timeshare), which goes into detail on the differences between timeshares which offer deeded ownership versus a contract giving you the right to use the underlying property.
But if you go to the fractional ownership page (https://en.wikipedia.org/wiki/Fractional_ownership https://en.wikipedia.org/wiki/Fractional_ownership) it spends ages going on smugly about how actually timeshares are strictly the contract type, and what sets fractional ownership apart is that you actually have a deed, and even claims that the popularity of the (cool and amazing) fractional ownership model is causing timeshares to try and rebrand themselves as fractional ownership. But the only citation is offers for that is a link back to the timeshare wikipedia page, which outrights contradicts that. Then it goes on to describe "private residence clubs" as a time of "fractional ownership" where in some cases you don't get a deed at all (directly contradicting the immediately previous section). Apparently the distinction is that if it sells for over $1k/square foot, it's a "private residence club" and thus fractional ownership and (nominally) "good", but if it's cheaper than that it's just a "destination club" and thus a timeshare and thus (nominally) "bad". And the only citation given for this is...a single timeshare consultant.
One of these pages is decent; the other seems to have been written by the timeshare industry for marketing purposes. :)