The two aren’t even remotely comparable. A timeshare may not be as valuable as you thought it was, but it exists and you can use it. An NFT is basically an entry in a star registry, but the people think (or at least thought) they actually own the stars.
On the other hand, with an NFT you’ve just thrown your money down the toilet, while timeshares will keep charging you fees and are incredibly difficult to get out of (and the services that supposedly help people get out of them are often scams too).
True, but while you’re still paying those timeshare fees, you still have access to the place.
The real difference is that a time share is never thought of as an investment where you buy low and sell high. It’s thought of as getting a good deal on something you plan to use. For it to be similar to an NFT it would have to be something like a dude in Nebraska buys a time share in Australia and then tries to make money from Australians or something. AFAIK almost everybody who buys time shares does it because they plan to use the place as a vacation property and actually do use it that way, at least for a while.
i mean i’m not really trying to defend nfts because fuck they are a scam but worst case you just lost the money spent on the nfts
sure i remember people having their wallet stolen but that’s not inherent to nfts so much as stupid people doing risky things following a fad, they could have just as easily used a sketch market (like many of them did)
for the timeshare i’m talking about you buy a share of a condo in hawaii/florida then there is a 60k repair fee for each person sharing it and it’s not a scam, just part of the possible normal upkeep the person didn’t bother reading about
None of these dipshits own their stupid useless pixel art either. They fell for a scam that doesn’t even have anything of potential use, unlike a timeshare, which you could actually potentially use. Not the burn op thought it was.
No, but it’s baffling to me that folks don’t seem to understand that timeshares with recurring maintenance costs that can only be discharged by paying someone to take them or bankruptcy aren’t worse. If people aren’t careful you can die and the damn things might get inherited, continuing the extraction misery. They’re a whole different class of financial mistake.
I remember going to a presentation trying to sell timeshares back in the 90s. I was on vacation with my parents in Orlando Florida. If we went to an hour long presentation selling us time shares we would be given tickets to Disney world for 3 days and up to 4 people per party.
I have no idea how they afforded to do that, I know we didn’t buy one and I just read a book(i think I was about 10) while waiting to go to Disney world. We did get the tickets and Disney world was enjoyable.
Yes, it’s a one time waste of a large sum of money. Not entirely sure why that’s supposed to be better. Congratulations, you got a jpeg. Bet it was worth $15,000.
You’re not sure why lifetime debt traps are worse than one time bad investments? Are you just trying to win an Internet argument at this point thinking I’m defending NFTs? Because yeah, a lifetime liability is generally worse for your average person.
This is a bizarre exchange. You ARE defending NFTs and trying to get me to defend timeshares. Which are only superior in that they exist. Which is all I said.
Yeah but see, I’ve only commented on how bad timeshares are and how you don’t actually own anything. They’re both equally awful, as the op stated. You’re the one trying to carry water for their actual value which is largely none or worse negative.
It’s weird, I’ve met people who are actually happy with their timeshare. And are talking about buying another one! I don’t get it. But maybe it depends on how you vacation I guess.
My parents had a timeshare growing up and it was always our yearly spring break trip. Idk how much they paid but I always loved it and they always seemed happy with it.
Hosting fees, plus the computing costs of continuously visiting ownership for how every long people care about them.
Feels similar and instead of Hurricane trashing the condo, it’s just what happens when you forget to back up the drive you saved it on and lose the key.
Ask your Dad about that timeshare he got suckered in in the 80’s, for a comeback.
At least it exists.
The two aren’t even remotely comparable. A timeshare may not be as valuable as you thought it was, but it exists and you can use it. An NFT is basically an entry in a star registry, but the people think (or at least thought) they actually own the stars.
On the other hand, with an NFT you’ve just thrown your money down the toilet, while timeshares will keep charging you fees and are incredibly difficult to get out of (and the services that supposedly help people get out of them are often scams too).
True, but while you’re still paying those timeshare fees, you still have access to the place.
The real difference is that a time share is never thought of as an investment where you buy low and sell high. It’s thought of as getting a good deal on something you plan to use. For it to be similar to an NFT it would have to be something like a dude in Nebraska buys a time share in Australia and then tries to make money from Australians or something. AFAIK almost everybody who buys time shares does it because they plan to use the place as a vacation property and actually do use it that way, at least for a while.
timeshares had knockon costs that kept on giving in some cases years
for those NFTs were better
NFTs were bought with crypto, which had various hidden costs, scams and thefts, so it’s basically the same.
i mean i’m not really trying to defend nfts because fuck they are a scam but worst case you just lost the money spent on the nfts
sure i remember people having their wallet stolen but that’s not inherent to nfts so much as stupid people doing risky things following a fad, they could have just as easily used a sketch market (like many of them did)
for the timeshare i’m talking about you buy a share of a condo in hawaii/florida then there is a 60k repair fee for each person sharing it and it’s not a scam, just part of the possible normal upkeep the person didn’t bother reading about
Well said.
But you sure don’t own it.
None of these dipshits own their stupid useless pixel art either. They fell for a scam that doesn’t even have anything of potential use, unlike a timeshare, which you could actually potentially use. Not the burn op thought it was.
Honestly at least NFTs don’t have recurrent maintenance costs that literally make their value go negative.
You bought an NFT, didn’t you?
No, but it’s baffling to me that folks don’t seem to understand that timeshares with recurring maintenance costs that can only be discharged by paying someone to take them or bankruptcy aren’t worse. If people aren’t careful you can die and the damn things might get inherited, continuing the extraction misery. They’re a whole different class of financial mistake.
I remember going to a presentation trying to sell timeshares back in the 90s. I was on vacation with my parents in Orlando Florida. If we went to an hour long presentation selling us time shares we would be given tickets to Disney world for 3 days and up to 4 people per party.
I have no idea how they afforded to do that, I know we didn’t buy one and I just read a book(i think I was about 10) while waiting to go to Disney world. We did get the tickets and Disney world was enjoyable.
This is now a timeshare thread.
Yes, it’s a one time waste of a large sum of money. Not entirely sure why that’s supposed to be better. Congratulations, you got a jpeg. Bet it was worth $15,000.
You’re not sure why lifetime debt traps are worse than one time bad investments? Are you just trying to win an Internet argument at this point thinking I’m defending NFTs? Because yeah, a lifetime liability is generally worse for your average person.
This is a bizarre exchange. You ARE defending NFTs and trying to get me to defend timeshares. Which are only superior in that they exist. Which is all I said.
‘X is an awful thing but it could be worse’ doesn’t really sound like defending X
Yeah but see, I’ve only commented on how bad timeshares are and how you don’t actually own anything. They’re both equally awful, as the op stated. You’re the one trying to carry water for their actual value which is largely none or worse negative.
Are the gifs or pngs more expensive?
Haha I mean it’s all made up so yes I guess? “You get more kb per $ with png!”
It’s weird, I’ve met people who are actually happy with their timeshare. And are talking about buying another one! I don’t get it. But maybe it depends on how you vacation I guess.
My parents had a timeshare growing up and it was always our yearly spring break trip. Idk how much they paid but I always loved it and they always seemed happy with it.
Hosting fees, plus the computing costs of continuously visiting ownership for how every long people care about them.
Feels similar and instead of Hurricane trashing the condo, it’s just what happens when you forget to back up the drive you saved it on and lose the key.
Don’t worry, that stupid decision will be his responsibility to pay for when his dad dies, and there’s nothing he can do about that.
Can you refuse their estate? If I had a terminal disease, I might buy a timeshare and leave it to someone I don’t like.
Either you take it and pay and sell or keep, or the estate pays off the creditor and then you can sell it.