Reply to Get rid of your timeshares!!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't get how timeshares work [/quote]

If you inherit it, you are responsible for the annual fees (usually thousands) even if you don't use it.[/quote]

But a timeshare is just you buy a week at a place right? How is this any different that just renting a vacation rental for a week? I don't get it.[/quote]

You are a co owner of the property, responsible for maintenance fees. But, typically you have no say in the maintenance decisions and are not entitled to a specific unit. Sometimes you are entitled to be there for a specific week but most  places have converted to a points system where you have to book way in advance.

There are people who fully own a specific unit year round and can update and furnish it themselves, that seems OK. But usually when people say timeshare that's not what they mean. [/quote]

I don't hear any benefits here. What's the point?[/quote]

I grew up vacationing in timeshares. It was an economical way for a family to stay somewhere  - 2+ bedrooms, kitchen for meals, amenities like pool, art classes, fitness classes. All "free" in the sense it was a sunk cost once you bought in. You could swap around to different properties, unlike a family vacation home. And rental houses were not as much of a thing back then.

Now I'm an adult with one kid and we can sometimes manage to use my parents' timeshare exchange but you have to book a year or more ahead and often the properties are not right where I want to be (typically outside major cities). VRBO is almost always a better fit for us.[/quote]

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