why buy a time share?

Answer 1

Just reading answers already posted. There are tons of people out there who can "show you" how they are a bad idea. For some people they are. For some they are a good idea. No website can accurately depict every property out there, or what you might choose to do or how you might value your time or vacations. Simply put, do this: price for me 2 condos on the strip in Vegas for 7 days and nights. Divide $19000 by that figure, don't even worry about inflation. If in your life you think you might want to spend that many weeks in Vegas, then what we did would work for you. If not, it probably wouldn't. You can sub in any destination you like, ours just happens to be Vegas during WSOP.

Timeshares get a bad rap because of the widespread fraud when the concept was new. Yes fraud still happens, but it's less frequent and most people are savvy enough to avoid it.

Here's an example...mine.

We bought a timeshare in Vegas. It is 2 1 bedroom condos. Each has a full kitchen etc and is really nice. Basically like any condo with top notch facilities etc. We paid $19,000, plus we have to pay $250/yr in maintenance fees. There's more, but let's stick with this part for a sec.

How much would it cost you to rent 2 King suites at top notch hotel at any one of the better tourist destinations in the US? About $250+ per suite per night, and that's being generous. So 7 days a year at that rate and adjusting for modest inflation, you would spend that much in 6 years. We own it. It is real property, not BS like ignorant people will tell you. This means from 6 years on we are saving over $4400/yr.

As I said there is more as well. As part of the deal we also get 4 weeks we can use anywhere we want. All we have to pay is a fee of $150/week. So in that case we get to stay in a super nice condo where ever we want for 7 days for $150.

All the ignorant people around will say timeshares are a mistake. They are if you do not use them. We bought ours 3 years ago for $19,000. Since then we have utlized the place we own twice, and 3 other weeks elsewhere. Simple math says the cost should have been $17,500. It was the initial $19,000 plus the roughly $500 for the other three weeks. If we never use it again, we will lose. If we use it like this over the next 4 years, we will be making a profit.

Another aspect is this...where we bought the price to duplicate what we have is nearly $10K more right now. So if we sold it right now we would be profitable already.

The simple way to look at it is if you will use it and can afford it it is a great buy/deal. If not it is a horrible idea.

Just to rap this one up mathematically again: 7 days in a comparably equipped condo at any decent destination: at least $3k. Our cost $19k. So basically we paid for six years vacations up front. Every year after that is about $250.00.

Answer 2

There is no good reason. If you save the money you would have spent on a time share, you could use the interest to pay for a vacation and go just about anywhere and at any time.

With a time share you get the same week in the same location every year.

Answer 3

Many people buy to have a "Forced Vacation"

You can expect to lose 90% of the value of a timeshare the first day you buy it.

Timeshare owner's are getting really smart.

You CANNOT give back the timeshare when you get tired of paying the maintenance fees.

They will not take it back.

Then who would pay the fees every year???

They will ruin your credit if you refuse to pay the fees.

P.S. In my opinion buying a timeshare is THE MOST expensive way to go on vacation.

Hope this helps.

Terry S.

http://www.Welcome2Arizona.com

Answer 4

You can afford a nicer place because they are selling you a portion of the property rather than the whole thing. Too bad about those maintenance fees, otherwise it would be worthwhile.

Answer 5

cause u can't say No?
trick question?