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#1 | |||
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Legendary
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There was an ad in our daily newspaper paper today for a 2BR, fully furnished cabin in a popular holiday village by the water.
The full cost of the fully furnished, 2 BR, air conditioned unit by the water, was $15,000, WIWO. ![]() No mistakes.....fifteen thousand dollars! DH and I were most interested and I immediately called the cited phone number. There's an anual cost village cost of $1000 per unit which covers all power and water costs, as well as garbage removal etc., etc..... and that sounded good! ![]() The catch? You are only permitted to spend 90 days in your cabin, in any one year! How can some-one put a unit up for sale and then say....BTW.... it MUST remain empty for at least 9 months of every year? ![]() Needless to say we're still looking, but if anyone wants a cheap holiday house in Australia..... places like this one are still available!
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Eastern Australian Daylight Savings Time and my temperature . |
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#2 | |||
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Wisest Elder Ever
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Will they allow you to rent it out on the days you aren't personally occupying it? I can't imagine that they'd want the property to sit empty for 9 months out of the year. Wonder what the catch is?
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"Thanks for this!" says: | Koala77 (01-14-2009) |
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#3 | |||
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Grand Magnate
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Sounds like a time share to me IMHO, the other 9 months the other people who paid $15,000 for a "piece" of that cabin get the other 9 months. I don't know how choice of time priority is determined. Get for all the details. If you choose to buy it, you are committed until you sell your time share to another. A wealthy woman once told us she wouldn't buy and commit but take her vacations anywhere (a different place each time) she wanted for much the same price as a mortgage on three months in a cabin and $1000 maintinance (Which other people buying 3 months must pay also. $ 4,000 total a yea for the Village/company!!!) This is what I think, be sure of the details!!!
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Kicker PPMS, DXed 2002 Queen of Maryland Wise Elder no matter what my count is. |
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#4 | |||
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Legendary
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Hey Anne~ I agree w/Kicker in that, this sounds like a Time Share deal. They sell the shares of the real estate property to many people and you just can't use it when someone else is. I don't think this is what you are looking for.
Again~ if it's too good to be true... It did sound sweet though... Hugs to you, my friend.
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DM . |
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"Thanks for this!" says: | Koala77 (01-14-2009), weegot5kiz (01-14-2009) |
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#5 | |||
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Elder Member
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that was my thought too Time Share. so if they can sell you a share for 15,000 plus three more they are doing rather well for them selves
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. History doesn't repeat itself, but it does rhyme.............................Mark Twain . ....... . ... . |
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"Thanks for this!" says: | Koala77 (01-14-2009) |
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#6 | |||
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Senior Member
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I agree that it sounds like a time share.
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"Thanks for this!" says: | Koala77 (01-14-2009) |
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#7 | |||
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Legendary
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I think you're right. It does smell like time share!
I didn't call them back because were no longer interested when we were told we could only spend 90 days a year in a villa unit that we had (supposedly) bought for ourselves! Oh well. It sounded good at the time. ![]()
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Eastern Australian Daylight Savings Time and my temperature . |
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"Thanks for this!" says: | SallyC (01-14-2009) |
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