2006-10-21 23:11:50 · 6 answers · asked by Anonymous in Travel ➔ Other - Destinations
Been there, done that, won't do it again.
I suppose that it might fit somebody's idea of a vacation. But when you figure in the time value of the money you spend, it's a lousy 'investment'.
2006-10-21 23:16:45 · answer #1 · answered by SPLATT 7 · 2⤊ 0⤋
My parents bought a time share about 12 or 13 years ago and they loved it for quite a while. They got their week their and if they wanted extra time they just paid a small fee to stay at this 5 star resort. After about 8 or 9 years the company sold it and the new company offered to buy the timeshares for a pitiful amount from the people. For those who didn't sell they raised the rates and wouldn't honor their timeshare periods. Plus the place went down hill. The idea of a time share it nice but it isn't a very safe contract.
2006-10-21 23:54:10 · answer #2 · answered by Constant_Traveler 5 · 0⤊ 0⤋
The term you have used ("timesharing") is very vague. If you mean buying a share of a resort to use for a stated period of time, I don't think it is a very frugal way to vacation. The main portion of the plan I object to is the so-called "cleaning fee" of $30 0 $50 a month, over and above the full purchase price.
I have been to about a dozen sales presentations from the beach communities of southern california to the ski facilities in Utah, and Lake Tahoe, and the resorts in Las Vegas. I have been tempted to purchase the timeshare, but the monthly fee always seems excessive, so I have not made a purchase.
One of the most memorable one is the Tamarack resort, Carlsbad CA. I have stayed there a dozen times since I want to their first sales presentation, but I have always rented an existing suite, at a very resonable price, without purchasing the timeshare, and no interest payments or fees.
2006-10-21 23:25:40 · answer #3 · answered by Yarnlady_needsyarn 7 · 0⤊ 0⤋
It's called "Upkeep without equity"...you'd do better to buy a small plot of land somewhere that you'd like to be in say 10 years and pay it off. At least in the end, you'll have the value of the property so either build on or sell...
2006-10-21 23:47:39 · answer #4 · answered by wetdreamdiver 5 · 0⤊ 0⤋
Biggest scam going. The only people who gain are the people selling it. EIther buy a place that you will use repeatedly, or just get a hotel room and go wherever you want 2x a year, even if they aren't part of your association.
2006-10-21 23:30:23 · answer #5 · answered by Sanmigsean 6 · 0⤊ 0⤋
Scam, scam, scam
2006-10-21 23:18:43 · answer #6 · answered by BlondeBarbie 4 · 0⤊ 0⤋