Talk of The Villages Florida - View Single Post - Visiting a timeshare resort as a gift...
View Single Post
 
Old 01-28-2021, 07:29 AM
J1ceasar J1ceasar is offline
Veteran member
Join Date: Nov 2018
Posts: 919
Thanks: 54
Thanked 630 Times in 333 Posts
Default

Actually timeshares will not be thought of as investments but can be a good deal if you look into the corporation offering them and their history the first thing you should ask is what their maintenance fees are and how much is their reserve. Then you have to ask if is it a Time limited timeshare like a 99-year lease or a point-based system or a real deed system. The only timeshares that have ever gone up are the ones that are on the islands in the Caribbean has any other ones most wanted for trades. By the way there are two major trading companies so you can use your weeks almost anywhere with enough time in advance we had four weeks in Puerto Rico for many years that cost us less than $300 per week for maintenance now compare that to the average of about $2,000 per week for a full one-bedroom suite that's currently being offered and you'll find out that we have saved quite a lot. Of course if you're 65 or older how many times more are you going to be going away? As for the shills I can't speak from any recent experience but it's commonly done in art auctions timeshare presentations and many other places by the way the best place to buy a timeshare is either on eBay or a place called tug t u g where you have owners reselling systems often for zero dollars just to get out of the maintenance fees that they can't afford anymore. Lastly unless your children are well off I definitely would not give them timeshares in your wills unless you discuss it beforehand. The only legitimate two ways of getting out of a timeshare is selling it, going into bankruptcy, or offering it back to the corporation. Excuse me three ways