Reply to Why is it that every person i know who owns a timeshare thinks it was a great decision?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Love ours, but we have a point system that has locations all around the US and a few outside.  We also trade into RCI frequently for overseas trips.  We have taken so many more vacations than we would ever have taken otherwise.  Forces my husband to take time off from work and we're building great memories with DC. Just this year we've been to Florida, Arizona, Hershey, PA and Williamsburg, VA all on the timeshare.  We have two more trips planned and are still deciding on Christmas time. [b] I dread staying in hotels now.[/b]  We always get 2 bedroom condos with full kitchens, and a lot of the locations are full resorts with several pools, etc.

The key is never finance a timeshare (if you don't have the money to buy it outright, you don't have the money to buy a timeshare).  Try and buy it on the secondary market - much cheaper.  I would never buy a fixed timeshare as we like to go to new places and revisit only a few, so personally, I would buy into a point system.  Finally, you must be able to plan ahead to get the places you want and the high demand times - i.e. school vacation time.  If you can't plan ahead, you will never get want you want.  Those that our happiest with timeshares research it before buying and know how to use the system.  Finally, most timeshares will not return any money if sold (a few exceptions), so you need to calculate that into the price you pay.  Most of the time these days you can buy points for pennies on the dollar, so just calculate that into your costs for how long you plan to keep it and don't expect to sell it for anything.  If you do, its just bonus money.[/quote]

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We always stay in 2 bedrooms too. But we just call the timeshare resort we want and pay the rack rate. We always wonder if the timeshare owners know about this? We stay for 4 nights at Powhatan Plantation in Williamsburg for less than the annual maintenance fee our friends pay. Nevermind the payment on the timeshare itself.

Same with DVC. We did the breakeven analysis on DVC and it would take us 15 years to make the money back. We'd rather keep our flexibility. Maybe it was a better deal 20 years ago.[/quote]

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