Berkeley CSUA MOTD:Entry 25541
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/04/17 [General] UID:1000 Activity:popular
4/17    

2002/8/11-12 [Uncategorized] UID:25541 Activity:very high
8/10    dotcoms fail because they don't have a good business model. I've been
        looking at how timeshares work and I simply can't see a business
        model in it. Suppose you buy a deeded timeshare and you can pass it
        on to your heirs indefinitely. The time share corps get your money at
        first, but in time (50-100 years), wouldn't they lose
        money even if you pay maintenance, which isn't a lot? Is this just
        another from of the pyramid scheme? Isn't it just a matter of time
        before these companies go out of business?
        \_ How do you figure they're losing money?  And timeshares are a
           terrible investment.  Do not put your money in a timeshare.  You're
           better off in the lottery.  At least *some* people make money on the
           lottery.
        \_ wow, you're so smart.  I never would have realized that dotcoms
           have bad business models and that they're going to go out of
           business.  oh, wait, most of them already have.
        \_ you pay a pretty hefty chunk of maintenance on the timeshare,
           they're not going out of business any time soon.  Of course the ones
           who make the real money are the people selling the timeshare.
        \_ That's like saying condo's lose money, it doesn't make any sense.
           Yeah, the builders make all their money up front, then they hand
           over maintenance to the owners, who just recover their costs.
        \_ Some good dotcoms were dragged down by bad ones who sold literally
           toilet paper over the net, etc.
           \_ what's wrong with selling toilet paper over the net?