So a well known up market 15yo development offers some timeshare.

3 weeks a year - 25 yrs.

50,000bt - from owner who's had it for 6 yrs.

Maintenance fee last year was 50,000bt

I have no idea about timeshare but am interested & for 50,000 upfront it's not a lot.

Any thoughts/Advice?

Thx

Sent from my iPhone using Tapatalk

Edited August 31, 201510 yr by rocketboybkk

Timeshare scams in Thailand

Thx. Yes, scammers everywhere.

Sent from my iPhone using Tapatalk

"I have no idea about timeshare but am interested & for 50,000 upfront it's not a lot"

Nice if they can sell it 100 times+

Yeah, I understand only what I've read.

'Apparently' these are legit.

BUT how do u know?

It's view tally villas

Sent from my iPhone using Tapatalk

Are you buying it "new" from the developers? It sounds like you are buying it "resale" from a previous owner who is wanting to get out and let it go for cheap so that he can get out.

Have you asked him, or more importantly asked yourself; why is he getting out of a 25 year deal after only 6 years?

Yes, resale, he's fed up with Thai.

But there are many reasons anyone can make up

Sent from my iPhone using Tapatalk

Timeshares are a waste of money, regardless of the country.

So crazy that anyone even consider it...

50,000 thb per 3 week block for maintenance. You could get a decent hotel room in Pattaya for the for 3 weeks and not be tied into a 19 year contract, with Zero upfront. Plus the maintenance fee will only increase over time.

Which 3 weeks of the year are they? High season?

In any event, I wouldn't touch it with a barge pole.

Whether or not it is legit or not, why would anyone spend the money to have to take a vacation to the same place every year at the same time is beyond me

You get 3 out of 56 weeks. Does that mean there are 18 total owners?

That does seem to match the rather low price. I.e. 18 × ฿50,000 = ฿900,000. Hardly enough to even get you a small budget condo. Though presumably the original people paid more, and it appears to be a 25 year lease rather than a freehold, based on the time limited ownership plus setup created for foreigners.

Timeshares are not a scam per se, but if you have more than 4 owners and they all want to go December-February then you realize how this is actually worse than just renting a new place each year.

If the maintenance cost is split between 18 people you end up paying ฿50,000 / 18 × 25 years ≈ ฿69,444 plus your initial payment, so about ฿120,000. For that, I would think you can rent something nice for 3 weeks five years in row.

With a timeshare shared with 17 other people, I doubt you’ll get good dates five of the 25 years where you “own” it.

I'm not buying

For all the reasons above plus others!

Thx for all replies

Sent from my iPhone using Tapatalk

recommend you rent something for the 3 weeks you are in Pattaya instead of a timeshare. You can get a very nice place for 50k for 3 weeks.

I'm looking to own again

May buy land but the figures don't balance

Ie land price + build cost = more the a property is worth!!!

Plenty of resale places with a pool. Which is what I'm after & im in no rush do won't be jumping in because it's advertised as reduced!!!!!

Sent from my iPhone using Tapatalk

Ie land price + build cost = more the a property is worth!!!

Sadly I can’t buy land in Thailand, otherwise I’d definitely build myself.

Getting things exactly like you want them = priceless!

Yes agree but I don't want to buy land & build at a cost of say 5 million bt if I need to sell they'll be another 1000 house or more to compete with.

I do agree about getting what you want & I suppose there are people who'll pay for that luxury

I'm no rich man so need to be careful

Sent from my iPhone using Tapatalk

Ie land price + build cost = more the a property is worth!!!

Sadly I can’t buy land in Thailand, otherwise I’d definitely build myself.

Getting things exactly like you want them = priceless!

Neither can I buy the wife can

Sent from my iPhone using Tapatalk

"You get 3 out of 56 weeks."

Did they change the calendar?