[beaglesss]

Condos are also generally a scam. Owning real estate but not the land under it is to become a victim of incredibly perverse economic motives.

[jdyer9]

Presumably the difference with a condo is that the condo owner has a fair vote in the buildings management (usually an HOA in the US) and enough votes can be used to destroy the building if it achieves high enough liability-to-value ratio. That does not exist for a timeshare, the timeshare owners can never band together to change the governance of the building

[twelve40]

That's a great observation. I've always wondered while biking past old apartment complexes in Mountain View being torn down: who foots the bill for the value destroyed, and who makes those decisions. If you owned one of those units, could you just get outvoted a lose a million-dollar condo like that?

[NovemberWhiskey]

Where do you live that this is the condo ownership model?

Generally, condo owners have an undivided interest in the land on which the property is built.