They announced that the Hard rock Hotel in San Diego would have condiniums for sale. My immediate thought was, hey, that would probably be a cool place to own in. Figure its near a bunch of night spots, would theoretically have good views, and with the connection shouldnt depreciate at all.
So in todays paper they have an article on that and a House of Blues version. I am reading it, somewhat interested but at the same time thinking what a rip off it is, and come across this little sentence which made me stop and say WTF?
Owners can only stay in their condo for 30 consecutive days! The units are then rented out (or can be) when you arent there.
So my immediate thought was, why would anyone want to own a place where they are preculded from using their property as much as they wish. What is the difference if they have you chosing NOT to rent out your place (thus no "facilitator" share for them) and you living in your own place all the time.
What do other people think? Crazy idea or something that sounds interesting and you would consider if money were not a concern.