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Thoughts on timeshares
Posted on 7/6/15 at 2:03 pm
Posted on 7/6/15 at 2:03 pm
????hmmmmm
22
Posted on 7/6/15 at 2:03 pm to Ellakennedi
Run the other way. Fast.
Posted on 7/6/15 at 2:04 pm to Ellakennedi
You'd be crazy not to take advantage of such a great deal!!!
Posted on 7/6/15 at 2:04 pm to Ellakennedi
if you are going to buy one( i dont recommend it) buy secondary market ones. Like as some sucker is selling the time share he regrets purchasing
Posted on 7/6/15 at 2:04 pm to Ellakennedi
Pop the champagne!
Posted on 7/6/15 at 2:05 pm to Ellakennedi
MR = MC
Do the math.
Do the math.
Posted on 7/6/15 at 2:07 pm to meeple
run away!
Currently dealing with our 85 yo grandmother's timeshare that she had with her husband. Probably gonna have to get lawyers involved.
Seriously...stay the hell away. once they get you, those monthly maintenance fees add up...
Currently dealing with our 85 yo grandmother's timeshare that she had with her husband. Probably gonna have to get lawyers involved.
Seriously...stay the hell away. once they get you, those monthly maintenance fees add up...
Posted on 7/6/15 at 2:09 pm to Ellakennedi
Disney Resale >>>>>>> everything else
Posted on 7/6/15 at 2:11 pm to Ellakennedi
Posted on 7/6/15 at 2:11 pm to Ellakennedi
If you are going to make suck a foolish decision, at least buy second hand...
Posted on 7/6/15 at 2:11 pm to Ellakennedi
quote:
Thoughts on timeshares
Generally not a great thing, but if you know the deal and know you're gonna get use out of it, it can be okay. I know people who have done timeshares and love it.
Posted on 7/6/15 at 2:14 pm to Ellakennedi
Terrible idea i had 10 years ago! Made some decent exchanges throught RCI, but overall, I was tired of the nonsense and them increasing maintaince fees so I ended up paying them just to take the deed back.
Posted on 7/6/15 at 2:14 pm to CocomoLSU
If you do buy into one the clubs like Hilton Grand Vacation or Wyndham where you get points that you can trade to stay at thousands of other properties.
If you look at it as prepaid vacation you'll be fine if you use it.
If you think it is a real estate investment you can make a profit on then LOL.
If you look at it as prepaid vacation you'll be fine if you use it.
If you think it is a real estate investment you can make a profit on then LOL.
Posted on 7/6/15 at 2:16 pm to Ellakennedi
great to buy cheaply on ebay after someone else spent a huge pile of money buying it from the resort.
Posted on 7/6/15 at 2:19 pm to Ellakennedi
Timeshares are trashy.
...did I do that right?
...did I do that right?
Posted on 7/6/15 at 2:20 pm to Ellakennedi
What is so bad about these? I think my parents bought a 10 year one when I was younger and we would use them all over the world once a year. Been to Cancun a few times and Hawaii with them and a few countries in Europe. Definitely seemed like it was worth it to me. Then again, I wasn't paying the bills
This post was edited on 7/6/15 at 2:20 pm
Posted on 7/6/15 at 2:22 pm to Ellakennedi
I sold them for about a year. It's a terrible purchase; don't do it.
And before I get berated for selling them, I was young and dumb and they didn't tell us all of the negative aspects of owning one in our training. I found that out on my own.
Shady sales tactics, sales person claims to help youi, but they can't even if they wanted. Maintenance fees always go up. Death, taxes, and maintenance fees. You won't be able to get into many resorts unless you have more points, or you trade a week for a week.
Just trust me, don't do it.
And before I get berated for selling them, I was young and dumb and they didn't tell us all of the negative aspects of owning one in our training. I found that out on my own.
Shady sales tactics, sales person claims to help youi, but they can't even if they wanted. Maintenance fees always go up. Death, taxes, and maintenance fees. You won't be able to get into many resorts unless you have more points, or you trade a week for a week.
Just trust me, don't do it.
Posted on 7/6/15 at 2:24 pm to Dr. Shultz
A 10 year one? I'd verify that's legit. Most timeshares don't come with an ending point. Also, I'd be curious to know what their maintenance fees are today compared to 10 years ago.
Posted on 7/6/15 at 2:28 pm to Dr. Shultz
quote:
What is so bad about these?
Because, by the time you pay the maintenance fees (which go up every year) - you could have just shopped around for hotel rooms at the exact properties you want. There is no resale value - as you've seen in these threads, people give them away or pay the resort to take them back.
So, middle-class people are better off picking a brand they like and pouring themselves into the reward program for that. Rich people are better off buying a vacation condo, and VRBOing out the unused weeks, thus making money off their vacations.
Disney is probably the only exception to no resale value - and some people are "Go to Disney every year" type people.
This post was edited on 7/6/15 at 2:29 pm
Posted on 7/6/15 at 2:28 pm to upgrayedd
quote:
You'd be crazy not to take advantage of such a great deal!!!
Seriously. Those things don't stay on the market long, buy now or watch your window of opportunity close!
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