Reply to ILs just bought a timeshare

Forum Index » Family Relationships

Reply to "ILs just bought a timeshare"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]

If you leave it to someone you don’t like and they don’t want it, the fees come out of the estate. Time shares are horrible.

[b]My parents have one and they have to pay over 1k/year in maintenance fees. For that much I could just book a nice hotel room without having to book[/b]

It’s ridiculous. They looked into getting rid of it a few years ago. If they sell it back to the company they get 2% if what they bought it for.  No joke. There are all sorts of used car salesmen types offering to sell timeshares - for a fee of course. Even then, you never get more than 50% what you bought it for. Time shares are the MLMs of real estate. They prey on retirees and older people. It should be illegal. [/quote]

You can stay in a nice hotel for a week for $1k?  Where?

I don't want to be in a position of defending timeshares -- I agree the sales tactics are shady, and I personally am not interested in owning one.  But they exist for a reason and it's not insane or stupid to buy one if you treat it like a vacation expense instead of appreciating property.  A timeshare isn't a real estate investment, it's a long-term pre-paid hotel -- a consumable.  If you book a hotel through Orbitz you don't get that money back either.  Timeshare owners have traded some flexibility for locking in a cheaper hotel rate.

For example, my childhood friend's family of 6 spent a week in Hawaii every year, in a 3 bedroom villa.  There was a pool, activities for the kids, etc.  It was a very cost-effective vacation if you want to take 6 people to a resort area.  I get that OP isn't interested in locking that in, but it works for some people. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics