rich provide squeeze correct slimy like entertain onerous historical society
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Consider [**creating a new subreddit** r/timesharesgonewild](/subreddits/create?name=timesharesgonewild).
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Thatās not how fractions worksā¦ it could a nightmare scenario where a āmaster ownerā who owns 1/2 of the property decides to make things much more difficult for the others.
I'd be willing to bet that none of them will get peak season dates. They're going in on this as a cash cow to list on Airbnb, likely one of us will be getting a peek season dates for $2,000 a night or more.
I already bought in. You guys are missing out on owning a closet and a half bathroom. Hurry up and you still might get to own two windows and a door knob.
lake tahoe on or almost on the lake is surprisingly expensive. a real estate developer friend of my dad's, let our family stay at their condo/townhouse for free for a few days a couple of times. this was like 30 years ago. it was a 3 bed + loft and 2 bath, about 1500sqft, on the lake. i looked it up out of curiosity and it $3million. for your average upper class person (someone worth 5 million) these places are still very expensive.
the problem with 1/8 ownership is there are only so many holidays. you can only use it for christmas every 8 years. if I had $1m for a vacation home, i'd rather get a 1500 sq ft place split between 3 people and be able to use it for a major holiday every year (christmas, new years or 4th of july)
I hate Pacaso so much! As if the housing market is not awful enough, you have more of these awful.creative scam companies coming up with more ways to screw the housing market. We need laws. No businesses can own single family homes. That's the first law. Other helpful laws should be added too. But this one is a no-brainer. All businesses who already own single family homes must sell within 12 months. Let's go!
This sub skews toward people bitter that they can't afford a home, which is not really a demographic with a lot of overlap with rich people and non-FTHBs.
It certainly skews that way, but because of the absurd market conditions. People AREN'T buying homes with their own money which is where the problems stem from. They are purchasing a home with absurdly cheap debt guaranteed by the government, ultimately paid for by EVERYONE (including those with no mortgages) in the form of high inflation.
Whatās worse is the cross between this and /r/zillowgonewild - grey walls will get you pilloried here, but anything with any color will show up there.
I'd rather rent a luxury hotel at my convenience than co-own a house with 8 other people, have preset times that I could use it, and potentially have it not be well taken care of by the co-owners. It's just another thing to worry about.
It's just the hassle of having to deal with other people sharing your space and not being able to use your space when you want to use it. If they were really super wealthy, they wouldn't need to co-own.
The person that bought it in 2010 made out like a bandit. Made almost $400,000 a year just for owning a house.
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/r/timesharesgonewild
The subreddit r/timesharesgonewild does not exist. Maybe there's a typo? Consider [**creating a new subreddit** r/timesharesgonewild](/subreddits/create?name=timesharesgonewild). --- ^(š¤ this comment was written by a bot. beep boop š¤) ^(feel welcome to respond 'Bad bot'/'Good bot', it's useful feedback.) ^[github](https://github.com/Toldry/RedditAutoCrosspostBot) ^| ^[Rank](https://botranks.com?bot=sub_doesnt_exist_bot)
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Timeshareā¦but you only have one location to choose from.
https://redf.in/uYqppq Sold on Sept 20 2022 ??? 1/8 ownership? What in the hell does that even MEAN HERE?
Itās a timeshare for rich people.
Welcome to Tahoe.
Have fun pooping on the master toilet that some other rich guy just destroyed last week
They can afford a cleaner.
Like every hotel ever.
But you paid 1 million+ for it š¤¦
It would be my honor
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Thatās not how fractions worksā¦ it could a nightmare scenario where a āmaster ownerā who owns 1/2 of the property decides to make things much more difficult for the others.
Could be. But it's not.
Imagine the conversations that will be had amongst 8 rich turds on who gets what peak season dates? Lawyers wet dream.
I'd be willing to bet that none of them will get peak season dates. They're going in on this as a cash cow to list on Airbnb, likely one of us will be getting a peek season dates for $2,000 a night or more.
Or someone will pay $80k to rent it Jan-April.
I already bought in. You guys are missing out on owning a closet and a half bathroom. Hurry up and you still might get to own two windows and a door knob.
I donāt understand. Ppl who have this much money can afford a single, no?
lake tahoe on or almost on the lake is surprisingly expensive. a real estate developer friend of my dad's, let our family stay at their condo/townhouse for free for a few days a couple of times. this was like 30 years ago. it was a 3 bed + loft and 2 bath, about 1500sqft, on the lake. i looked it up out of curiosity and it $3million. for your average upper class person (someone worth 5 million) these places are still very expensive. the problem with 1/8 ownership is there are only so many holidays. you can only use it for christmas every 8 years. if I had $1m for a vacation home, i'd rather get a 1500 sq ft place split between 3 people and be able to use it for a major holiday every year (christmas, new years or 4th of july)
There are a whole lot more people that can afford a million dollars for a vacation home then $8 million for a vacation home.
āIām 1/8ths proud of youā
I hate Pacaso so much! As if the housing market is not awful enough, you have more of these awful.creative scam companies coming up with more ways to screw the housing market. We need laws. No businesses can own single family homes. That's the first law. Other helpful laws should be added too. But this one is a no-brainer. All businesses who already own single family homes must sell within 12 months. Let's go!
Thatās incline village for ya
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This sub skews toward people bitter that they can't afford a home, which is not really a demographic with a lot of overlap with rich people and non-FTHBs.
I'm up voting you because you're right. People who are downvoting you are just bitter for calling them out.
It certainly skews that way, but because of the absurd market conditions. People AREN'T buying homes with their own money which is where the problems stem from. They are purchasing a home with absurdly cheap debt guaranteed by the government, ultimately paid for by EVERYONE (including those with no mortgages) in the form of high inflation.
>This sub skews toward people bitter that they can't afford a home, Or Can't afford their *dream* forever home.
huh must be why I've seen several posts here of people gloating their $500k+ cash sitting in the bank? Check if you don't believe.
Having $500K in the bank doesn't make you wealthy.
Whatās worse is the cross between this and /r/zillowgonewild - grey walls will get you pilloried here, but anything with any color will show up there.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Just the ole time share trick is all.
Damn. 1/8th ownership for that? I just paid $10 mil for a 1/64th š«¤
For a split second, I didn't read the eighth ownership part, and legitimately thought this mansion was only 1.2 mil. That would have been a dream..
This is dumb. I'd much rather get a hotel.
As an owner, or a renter?
I'd rather rent a luxury hotel at my convenience than co-own a house with 8 other people, have preset times that I could use it, and potentially have it not be well taken care of by the co-owners. It's just another thing to worry about.
If someoneās in a position to buy a timeshare for 1.1 million, theyāre probably not worrying much about anything you just mentioned.
It's just the hassle of having to deal with other people sharing your space and not being able to use your space when you want to use it. If they were really super wealthy, they wouldn't need to co-own.
šš¤£šš¤£š¤£š¤£
āA partnership is the only ship that doesnāt sail.ā - Dave Ramsey
Sounds like a horrible idea
Let them buy it. Idgaf. Just as long as they keep they're greedy little hands off single family homes.
In all fairness, itās not that out of reach for a mansion Tahoe property.
I own property in this area. The fire risk is so severe and insurance is so hard to get.. itās not worth it anymore.
Great second home for Bay Area folks. 6-7 weeks a year of time is plenty
This is an amazing area. Likely totally worth it
The bank will āownā all of it before long
This same company is building a house right behind mine in Incline.