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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: iris lily on May 16, 2014, 08:02:21 PM

Title: Perusing Real Estate in Santa Fe and came across this
Post by: iris lily on May 16, 2014, 08:02:21 PM

So looking around on Realtor.com as I often do , I spotted this incredibly wonderful small house in Santa Fe very near downtown (desirable location.) $150,000! Whoah! or so I thought.

But as I look at this closer, guess what I'd be buying: a quarter share in the house. I'd own 13 weeks there.

Good god, is this a norm now?

http://www.realtor.com/realestateandhomes-detail/334-Otero-St_Santa-Fe_NM_87501_M23479-15381?row=1

Title: Re: Perusing Real Estate in Santa Fe and came across this
Post by: lugoz on May 16, 2014, 08:45:17 PM

Check this out

http://www.hollisterranchlistings.com/parcel-62-16-interest-1595000/

1/6th share for $1.5 million. 

Title: Re: Perusing Real Estate in Santa Fe and came across this
Post by: waltworks on May 16, 2014, 08:50:44 PM

Time shares aren't a new thing. Santa Fe is a tourist destination, so it's not too surprising to see that kind of thing there.

-W

Title: Re: Perusing Real Estate in Santa Fe and came across this
Post by: iris lily on May 16, 2014, 09:24:39 PM

Quote from: waltworks on May 16, 2014, 08:50:44 PM

Time shares aren't a new thing. Santa Fe is a tourist destination, so it's not too surprising to see that kind of thing there.

-W

Oh I know that timeshares are old, I just haven't seen them on Realtor.com so you can see how I was sucked in my the cuteness.

Title: Re: Perusing Real Estate in Santa Fe and came across this
Post by: Blindsquirrel on May 18, 2014, 06:25:22 PM

they call them crimeshares for a reason.