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[quote=Anonymous][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]

I can see how that would work for some people.  It would be foolish to buy into something like this with the expectation that your grown adult children will spend their days off helping you to enjoy it.

You buy into something like that because YOU want to enjoy it and you can offer accommodations to your friends/family if they want them.  You can't command/expect/guilt them into taking trips with you.[/quote]

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