2006-06-22 07:50:33 · 9 answers · asked by Snowwhite 3 in Business & Finance ➔ Investing
I think that all depends on how you like your vacations. I have a few friends that have them and love them, but I think I wouldn't.
I like to travel either with the convenience of a hotel or the rusticness of a tent. In the middle just doesn't feel like a vacation. Time shares are usually resorts into themselves and again, it depends on how you like to spend your time.
I'm more an "explore the region" kind of person so traveling just to sit by a pool isn't me. That's why I don't like cruises either.
Another consideration is your budget. Timeshares have monthly fees that continue even after you pay off the purchase price. Will that consume your vacation budget and leave you with no other options? Also will you have enough time off to enjoy your timeshare? Will you feel trapped because you haven't the time or money to do some other kind of vacation?
Be sure to check out the network thoroughly as some have nicer facilities and also check to find out how easy it is to get the dates you want WHERE you want them.
Also you should know that Century 21 has a division that resells timeshares. You may be able to save thousands of dollars that way.
I would not view it as an investment though. You may save money on your vacations, but odds are you'll never recover what you paid, let alone make a profit.
2006-06-22 08:33:49 · answer #1 · answered by Lori A 6 · 0⤊ 0⤋
no, No, NO! Why spend your money to lock yourself into going to only one place once a year for your vacations? The promises of selling your time-share time to others will fall short of your expectations if you're thinking about making money.
Maintenance fees continually rise and eat you up! The value of your time-share will be at its highest level on the day you plunk down your cash and buy it.
Look in USA Today classified for "time-share sales" or search the 'net. There are plenty of timeshares for sale all over the country and the prices asked (by someone anxious to get out of the deal) can run from 70% to 90% off the normal selling price.
2006-06-23 02:41:01 · answer #2 · answered by bobinbelen 2 · 0⤊ 0⤋
The maintenance fees are the primary drawback to a time share. The annual maintenance fee is usually near the price of a nice vacation. The time shares sell try to sell you on “locking in price of a vacation”. They give you examples of how the prices of hotels have gone up over the past few years. They “overlook” the price of the annual maintenance fee can go up over time. (Just like the price of a hotel). Plus, you must pay a few thousand dollars of the ownership rights of the unit. ….. My advice….. Do not buy a time share.
2006-06-22 15:24:35 · answer #3 · answered by Larry W 1 · 0⤊ 0⤋
If you have money and have alot of time on your hands. I know someone that has it and forgets to use it because some of it is at a certain time and other timeshares, you have to take a timeshare tour or some BS
2006-06-22 14:55:01 · answer #4 · answered by Robyn 3 · 0⤊ 0⤋
No, once you account for the annual fees and the upfront costs, you have paid for many years of vacations.
2006-06-22 15:04:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I tried it but found useless, u should book, pay annual fees.
Forget it , U can spend every vacation in a new place & it will b cheaper.
2006-06-22 15:02:55 · answer #6 · answered by lastwarrior 2 · 0⤊ 0⤋
you mean for a hotel right? i think if you can afford it you should get it. but they are really expensive. Especially at the Hilton's and marriots. they are about 80,000 and up depending on what type of room you want
2006-06-22 14:54:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No.
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2006-06-22 17:40:14 · answer #8 · answered by Anonymous · 0⤊ 0⤋
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2006-06-22 14:55:00 · answer #9 · answered by cinncinn95 3 · 0⤊ 0⤋