RE: webschema-ISSUE-13 (Describing Real Estate): Schema.org should document how best to describe Real Estate [Feedback on Schema.org]

The situation in real estate is analogous to that in travel. An offer has a
period of validity and other terms. What is being offered is the use of a
facility (hotel room, office space, condominium). What distinguishes a
timeshare from a rental are the terms of use, not the terms of offer. The
terms of use are part of the product or service. The product may refer to
the facility to be used (the hotel room, timeshare suite, etc.). Schema.org
uses product because it is biased toward sales, in which there are no terms
of use, since the sale conveys all rights (of course this is not true for
property sales, which often carry binding covenante). 

To fix this, product should be replaced with another term (e.g. item or
facility). However, I do not seriously expect this to happen, so we need to
find another English term that is suggestive of the contracted terms of use.
We have been using "rental" for that purpose. It is probably over specific
in that many people would object to a timeshare being described as a rental
(unless they have taken a course in economics).

The resulting schema would consist of offer, rental and product. Offer
carries the terms of offer, rental the terms of use, and product is the item
to be used.

Jim Rhyne

Thematix Partners 

 

From: Adam Wood [mailto:adam.michael.wood@gmail.com] 
Sent: Thursday, May 24, 2012 9:34 AM
To: public-vocabs@w3.org
Subject: Re: webschema-ISSUE-13 (Describing Real Estate): Schema.org should
document how best to describe Real Estate [Feedback on Schema.org]

 

My first thought was that a Time Share would be (as Jesse Friedman
suggested) a type of Offer (a way to sell something), while the Real Estate
itself would be a type of ProductOrService (a thing that can be sold,
rented, let out, etc). So you would Offer that House on the Beach via Time
Share.

 

But then- a Time Share is really a Product, isn't it? This house, during
these two weeks in February, is a discreet thing which can be bought, sold,
rented, let out (seized, repossessed, etc).

 

It occurs to me that ProductOrService relates to "Asset" in the legal sense-
something that can be owned.

 

And a two week Time Share on a house relates to the house in pretty much the
same way that the second-floor of an office building (which can also be sold
separately) relates to the office building as a whole. (Or, for that matter,
it relates the same way that Shares of a Publicly traded company relate to
the company as a whole). They are all assets that can be owned, bought,
sold, transferred, etc.

 

 

 

 

 

On Thu, May 24, 2012 at 11:06 AM, Jesse Friedman <cobbsfriedman@gmail.com>
wrote:

There should probably be a top designation that splits real estate into, for
sale, rentals, timeshares, etc. Would have to think pf the best way to
segment everything. My question is this... Should every single detail of a
property be microformatted or just what people generally are searching for
on the search engines. So where do we start to get the ball rolling...
Assemble a list of fields and a hierarchy of the data that should be
formatted?

 

On Thu, May 24, 2012 at 11:53 AM, Thad Guidry <thadguidry@gmail.com> wrote:

One more footnote...and question to the community...

 

Are Timeshares ... Real Estate ? or should be considered a General Category
of a Real Estate Type ?  My vote would be YES.

 

-- 
-Thad
http://www.freebase.com/view/en/thad_guidry





 

-- 


 

   Jesse Friedman


   President


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