Who has a Timeshare AND IS enjoying it???

[dewilson58]

For those who have one and are enjoying.

:read:

[rustyp]

For those who have one and are enjoying.

:read:

Why own a timeshare with plenty of Airbnbs available ?

[Stu from NYC]

The folks who sell them sure like them.

We have considered them and decided why tie ourselves down to one place and friends not easy to do an exchange of a week or two.

[oldtimes]

For those who have one and are enjoying.

:read:

Maybe if you had asked it more clearly...:rolleyes:

[OrangeBlossomBaby]

We have friends who have a timeshare, with locations in Florida, Vegas, and a variety of other states. They go every year and really love it.

[dewilson58]

We have friends who have a timeshare, with locations in Florida, Vegas, and a variety of other states. They go every year and really love it.

We have a friend (I know that's shocking) who are with Hilton Grand Vacations.
"You" really don't own one unit or one location.
They have hundreds of locations (not the hotels, jus resorts).
"You" can book your location 9 to12 months out, then at 9 months...it's open to all to reserve.
Fairly user friendly site.
They are enjoying the gig.

[dewilson58]

Why own a timeshare with plenty of Airbnbs available ?

Not many RESORT Air's.

[MrFlorida]

The only problem is the maintenence fees that constantly go up every year.

[retiredguy123]

We have a friend (I know that's shocking) who are with Hilton Grand Vacations.
"You" really don't own one unit or one location.
They have hundreds of locations (not the hotels, jus resorts).
"You" can book your location 9 to12 months out, then at 9 months...it's open to all to reserve.
Fairly user friendly site.
They are enjoying the gig.
Semantics. With a timeshare, you don't own a unit either. Hilton Grand Resorts is just a clever way to market timeshares. The difference between buying a timeshare and buying a condo is that the timeshare will decrease in value, but the condo will increase in value. I would rather rent a hotel room or a condo when I want one.

[njbchbum]

We own the Disney Vacation Club version of a timeshare and love it! Family members we get to gift vacation weeks to love it also! And if we don't want to go to a Disney resort, we can swap out with an RCI resort property or use the points for a Disney cruise or an adventure trip like Alaska, too! We sponsored a 13 member family reunion in DW a couple of years ago - 3 Villas and 2 Studios and prepared a homemade Thanksgiving Dinner for all - it was a grand time going to the pool before n after dinner instead of bundling up in the cold!

[Eagle06]

We own with Marriott Vacation Club (MVC). Our ownership is based on points and not specific weeks. Now that MVC owns the Sheraton, Westin and Ritz Carlton timeshares, we have even more choices when traveling. Timeshares aren't for everyone. We couldn't/didn't really take advantage of our timeshare while working simply because we couldn't plan a year out which is typical when reserving timeshares in highly sought after locations. Now retired, we are truly enjoying our purchase. We spent Thanksgiving Week in Vail, CO, 10 days in St. Kitts for New Years, all of February and March in Hawaii and had the entire family (kids and grandkids) together for a the 4th of July Week, our Annual Family Reunion in Orlando. I admit the Annual Maintenance Fees are high but the ability to pull the family together without burdening the kids with Hotel/Resort Bills is worth it to us.

[Kelevision]

I got one given to me when my mom passed away. I’ve only had it 2 years. Aruba. I went the first year to sign papers and check it out. It’s really nice and right on the water with a great view. 2 weeks. I ended up renting it out last year and was only looking to cover the fees but ended up making a little more on top. I would never buy one though.

[retiredguy123]

Note that, if you inherit a timeshare, you are not required to accept it. You can reject any inheritance. Many timeshares have negative value, in which case, you may need to pay a company to get rid of it.

[Michael G.]

Wife and I were just talking about that not long ago.
Everyone connected to finance business say don't buy one and yet
many of our wealthy friends all own one.
One has 4 that they own........:shrug:.........and these are frugal people with their $$$$.

What am I missing??

[retiredguy123]

Wife and I were just talking about that not long ago.
Everyone connected to finance business say don't buy one and yet
many of our wealthy friends all own one.
One has 4 that they own........:shrug:.........and these are frugal people with their $$$$.

What am I missing??
They probably succombed to high pressure sales tactics.

[dewilson58]

Wife and I were just talking about that not long ago.
Everyone connected to finance business say don't buy one and yet
many of our wealthy friends all own one.
One has 4 that they own........:shrug:.........and these are frugal people with their $$$$.

What am I missing??

The key word is WEALTHY.

Example:

Initial buy-in $25k to $35. (there are more, there are less)
Gets you one week usage (annually) at any of their locations.
Annual fees $2k. (there are more, there are less)

So if you use it for 10 years you have paid $50k to $70k for ten weeks of vacation in a condo......full kitchen, two bedroom, living room, with resort grounds.

So to wealthy people..............fifty grand, nice place to stay...........why not.

[Stu from NYC]

Wife and I were just talking about that not long ago.
Everyone connected to finance business say don't buy one and yet
many of our wealthy friends all own one.
One has 4 that they own........:shrug:.........and these are frugal people with their $$$$.

What am I missing??

Why in the world would someone own 4 unless he has a way of renting out his week and making money on it.

[retiredguy123]

The key word is WEALTHY.

Example:

Initial buy-in $25k to $35. (there are more, there are less)
Gets you one week usage (annually) at any of their locations.
Annual fees $2k. (there are more, there are less)

So if you use it for 10 years you have paid $50k to $70k for ten weeks of vacation in a condo......full kitchen, two bedroom, living room, with resort grounds.

So to wealthy people..............fifty grand, nice place to stay...........why not.
The key word is frugal. A frugal person would never buy a timeshare, unless they were the victim of a high pressure salesperson. I would never buy a timeshare.

[dewilson58]

The key word is frugal. A frugal person would never buy a timeshare, unless they were the victim of a high pressure salesperson. I would never buy a timeshare.

I think MG's example jus proved you wrong..............one individual owns four......victim four times?? Probably not.

Maybe you're not wealthy enough. :jester:

[retiredguy123]

I think MG's example jus proved you wrong..............one individual owns four......victim four times?? Probably not.

Maybe you're not wealthy enough. :jester:
Wealthy people are not always smart. I suspect that they are not as frugal as the poster thinks.

[Stu from NYC]

I think MG's example jus proved you wrong..............one individual owns four......victim four times?? Probably not.

Maybe you're not wealthy enough. :jester:

Can you think of a reason to own 4? Other than if you rent them out and make a return on your investment makes no sense to me.

[dewilson58]

Can you think of a reason to own 4? Other than if you rent them out and make a return on your investment makes no sense to me.

Sure.............lock into your favorite four locations (since you have priority at your purchased location).

[dewilson58]

Wealthy people are not always smart. I suspect that they are not as frugal as the poster thinks.

A wealthy person with $5mil, it's only 1% of your funds................no big deal. :ho:

[jrg908369]

For those who have one and are enjoying.

:read:
At a Club Wyndham presentation years ago. They use a points system so you can stay at any of their resorts plus RCI resorts. They wanted something like $35,000 for about 125,000 points which worked out to about 2 weeks of vacation each year. I declined and started researching resales. Found an older man who ended up selling us 818,000 points for $5,000. The points renew every year so we get 8 to 10 weeks of vacation every year. It could have been a scam but seemed worth the risk and has paid off handsomely. Not for everyone but it suited us perfectly.

[Two Bills]

Many years ago when time share selling was big business in Orlando, my wife and I attended several seminars that offered free Disney tickets.
That was a definite time share bargain, and saved the kids a good few $$$.
The sales people sussed us in the end, and we were black listed from all seminars!

[djplong]

Any other timeshare is definitely not for me. I bought into the Disney Vacation Club back in 2007 because of the flexibility. When my mother died in 1990, her timeshare company tried to pressure me into taking her 'week' and I told them to go pound sand and foreclose.

It's really only "worth it" if you visit Disney often and want to put some "cost stability" into your hotel stays. BUT, that being said, we've rented out our points many times for a profit. The flexibility of which resort and what size room and when makes the deal - IF you go there. You're somewhat insulated from the crazy hotel price hikes.

And we have no trouble finding renters (I use a broker). Heck, renting out our points at the Animal Kingdom Lodge has paid for our honeymoon and contributed towards trips to places from New Zealand to Germany and Italy.

[dewilson58]

Found an older man who ended up selling us 818,000 points for $5,000.

Now there are for sale by owner websites jus like: houses, RV's: Vacation rentals, cars, etc.

[jparsoneau@aol.com]

I have three weeks in Hawaii is my homebase. But like it’s been mentioned if I don’t want to go to Hawaii, I just trade them into RCI or ICI, which has a bank of timeshares and go anywhere. I want wait times have gotten longer these days, but Hawaii is always a number one draw so I never have a problem trading it in. Biggest problem is they just don’t use it every year. Even considering selling it for the price I paid for it 20 years ago. And yes, I may not on an individual unit I do on a week at this resort times my three timeshares giving me three weeks
Also,I would be interested in selling one, two or three weeks if anybody’s interested.
I too, have stayed in Hawaii on different islands, Florida, Vegas, Tennessee, and a couple others as well I believe.

[Windguy]

Watch this very informative and funny(!) video before getting into a timeshare:

https://youtu.be/Bd2bbHoVQSM

[gwenhwalker@yahoo.com]

I have one in Williamsburg VA that I never use and would gladly give away. It's paid in full. Just annual maintenance.

[jparsoneau@aol.com]

Not at all or $25-$35,000 a week
I have three weeks in Hawaii and willing to sell them for $6000 a week
And Hawaii is one of the most in demand area

[cjky2k]

We are with MVC now having come via Starwood. Bought to start because my brother lived in florida and my dad loved Disney, so we all met up every year. Now my points will cover enough nights in a one bedroom (not a studio) for my husband and I for about 40 nights anywhere in their network. Or reserve larger units for kids/ grandkids. Average “price” if you use maintenance cost per point is about $100 a night for a 2-3 bedroom using and $50 or less for a one bedroom. No taxes. No cleaning fees. And resort amenities. No idea if it would be a good deal to buy into today, but we are keeping ours!

[JRcorvette]

For those who have one and are enjoying.

:read:

I have one for sale cheap. Main location is Vail, CO but they are part of a group with units in other States. Just contact me.

[retiredguy123]

I have one in Williamsburg VA that I never use and would gladly give away. It's paid in full. Just annual maintenance.
How much is the annual maintenance, and what recourse do you have if they raise it?

[Hancie2]

Not at all or $25-$35,000 a week
I have three weeks in Hawaii and willing to sell them for $6000 a week
And Hawaii is one of the most in demand area
Good luck, I have a week in Maui that I can’t give away!

[retiredguy123]

Not at all or $25-$35,000 a week
I have three weeks in Hawaii and willing to sell them for $6000 a week
And Hawaii is one of the most in demand area
Why would someone pay $6000 per a week plus maintenance fees and a long-term contract, when you can rent an oceanfront room at the Hilton Hawaiian Village for way less than that? To me, timeshares don't make sense, especially where hotel rooms are readily available.

[gmracket]

We owned two time share weeks since 1982. We have exchanged over the years to many places that otherwise we wouldn't have gone to. They are not for everyone but for us it forced us to take a vacation especially since my husband was not a traveller. Maintenance fees did go up over the years but not exorbitant ...When we couldnt go, we rented a week out and it paid for the fees. Last year, I sold one because we can't travel anymore but I still have one week left to sell. So for the person who is still young enough to travel a time share is not a bad deal. It's not a big investment but it's an investment for pleasure and enjoyment.

[MandoMan]

For those who have one and are enjoying.

:read:

People pay a lot of money to rent courtyard villas in my neighborhood in the winter. So I figure I’m already living in something other people consider a resort. my home is paid for. The Villages is my version of a time share, and I don’t have to share. I’m happy with the arrangement.

[Hancie2]

I have a two bedroom in Maui to give away. Maintenance is 2,000.00 a year. It’s a titled property and can be traded through RCI or Interval or rented. Used it since 1986 and traded for ski trips and other vacations. Just not traveling much anymore.

[retiredguy123]

I have a two bedroom in Maui to give away. Maintenance is 2,000.00 a year. It’s a titled property and can be traded through RCI or Interval or rented. Used it since 1986 and traded for ski trips and other vacations. Just not traveling much anymore.
So, it costs $104,000 ($2,000 x 52 weeks) per year to maintain a 2-bedroom condo? Wow. What would prevent them from raising it to $3,000?

[xlhig]

NEVER buy a timeshare for THOUSANDS of dollars from a Timeshare presentation. There are a lot of people that paid THOUSANDS and have now used them and paid them off and no longer want or use them. Instead, you can buy those same timeshares for as low as $1.00 from ebay. We bought a few for $1.00 several years ago, near Disney. We signed up with Interval International to trade our weeks. We stayed at our timeshare, traded for Las Vegas, Mexico and Paris. Once we moved to Florida, we didn't really need them anymore so we sold them for $2.00 each - we doubled our money...lol. Check some out on ebay. https://www.ebay.com/sch/i.html?_from=R40&_nkw=orlando+timeshare&_sacat=0&_sop=15 You're welcome!

[Stu from NYC]

So, it costs $104,000 ($2,000 x 52 weeks) per year to maintain a 2-bedroom condo? Wow. What would prevent them from raising it to $3,000?

People who think 2000 a week is ok might think that 3000 is highway robbery

[grannysmith053]

For those who have one and are enjoying.

:read:We have enjoyed our timeshare, we have traveled all over the country. We rarely stay in the unit we purchased, we exchange to other locations. That is the intent of the concept. They also offer special deals ("Bonus weeks") for an incredibly low fee and we have used those extensively. Everything we were told at the time of purchase was accurate. Except, there is no resale value. When you are done using it you need to execute a Quit Claim Deed and give it back.

[retiredguy123]

We have enjoyed our timeshare, we have traveled all over the country. We rarely stay in the unit we purchased, we exchange to other locations. That is the intent of the concept. They also offer special deals ("Bonus weeks") for an incredibly low fee and we have used those extensively. Everything we were told at the time of purchase was accurate. Except, there is no resale value. When you are done using it you need to execute a Quit Claim Deed and give it back.
It is not always possible to give it back. The timeshare company doesn't need to accept a quit claim deed.

[retiredguy123]

People who think 2000 a week is ok might think that 3000 is highway robbery
They might think it is highway robbery, but what can they do about it?

[Chi-Town]

Yes and yes.

[tjdmlhw]

For those who have one and are enjoying.

:read:

I've owned a 1 bedroom unit in Kissimmee for 40 years. I paid $3000 for it and my maintenance dues have risen from $400 to just under $600. I've traded it for a weeks in Europe, Vermont, and I traded for a week in Hawaii for our honeymoon, but mostly we've used the week at our home resort because my family liked amusement parks.

Now that we own a home in The Villages, we may rejoin the trading organization and start using the week for vacations in other areas.

If someone buys a timeshare as an investment property, they will be sorely disappointed. Used timeshares are almost impossible to sell, some of them you can't even give away. If on the other hand you find one at a reasonable price in a location that you want to visit on a regular basis it can be a good purchase.

[dewilson58]

We have enjoyed our timeshare, we have traveled all over the country. We rarely stay in the unit we purchased, we exchange to other locations. That is the intent of the concept. They also offer special deals ("Bonus weeks") for an incredibly low fee and we have used those extensively. Everything we were told at the time of purchase was accurate. Except, there is no resale value. When you are done using it you need to execute a Quit Claim Deed and give it back.

Wondering..................how many years have you owned and what was your estimated annual percentage increase for maint fees??? (increasing maint fees is the biggest complain)

[dewilson58]

Once we moved to Florida, we didn't really need them anymore so we sold them for $2.00 each - we doubled our money...lol. Check some out on ebay. https://www.ebay.com/sch/i.html?_from=R40&_nkw=orlando+timeshare&_sacat=0&_sop=15 You're welcome!

I who says a Timeshare is not a great investment. :pepper2:

Interesting Ebay site.

[midiwiz]

We have a friend (I know that's shocking) who are with Hilton Grand Vacations.
"You" really don't own one unit or one location.
They have hundreds of locations (not the hotels, jus resorts).
"You" can book your location 9 to12 months out, then at 9 months...it's open to all to reserve.
Fairly user friendly site.
They are enjoying the gig.

far too much. we came from the industry and these type of timeshares are nothing but an expense and hassle most days of the week. Sort of like owning a boat (1st and last day) .

With that said, we own 5 BUT they are paid for when we get them. This is a unique deal you buy the unit cash you have maintenence fee every year, and it's yours (and your kids etc) forever (or until the building no longer exists) . Here's the killer part - the units average about $8200 each. I don't have to reserve - just show up, I have an option to trade off for other resorts, however we chose not to. RCI can be a problem at times. We've already made our initial investment back.

[Robnlaura]

The key word is WEALTHY.

Example:

Initial buy-in $25k to $35. (there are more, there are less)
Gets you one week usage (annually) at any of their locations.
Annual fees $2k. (there are more, there are less)

So if you use it for 10 years you have paid $50k to $70k for ten weeks of vacation in a condo......full kitchen, two bedroom, living room, with resort grounds.

So to wealthy people..............fifty grand, nice place to stay...........why not.
You can spend $50 if you want I’ll go to redweek and buy someone’s for cheap

[dewilson58]

I’ll go to redweek and buy someone’s for cheap

That's another good site.

:coolsmiley:

[Hape2Bhr]

For those who have one and are enjoying.

:read:

I bought at Aruba Divi Village in 1988. They had their own timeshare system; the contract was for 40 weeks. I believe I paid just under 5K for a studio unit. At the time Divi had about 7 or 8 locations throughout the Caribbean. They hadn't broken ground yet on my building and then a few years later they declared bankruptcy, but remained in business. I used Divi to visit Barbados and also the Bahamas (two times) where they had their own 18 hole golf course.

If we don't use our scheduled week, we are not required to pay the yearly maintenance fee as long as we notify them in advance. We've used the week in Cabo (3x's), Arizona, Hawaii (2 weeks), Dominican Republic, and Aruba numerous times now. Once the contract is up, the maintenance fee is gone. I think we have 8 or 9 weeks left that we can use.

[jminnis]

Over 20 years ago we bought a 2-bedroom week at Hilton Head for $2500 through Marriott's resale office. We have never been there. We just bought it to be Marriott Vacation Club owners. We go to Marriott's Grande Vista in Orlando every year and love it. Even with the maintenance fees, it is still a good deal, and owners often get getaways and other good discounted stays. Our timeshare works for us...

[retiredguy123]

Over 20 years ago we bought a 2-bedroom week at Hilton Head for $2500 through Marriott's resale office. We have never been there. We just bought it to be Marriott Vacation Club owners. We go to Marriott's Grande Vista in Orlando every year and love it. Even with the maintenance fees, it is still a good deal, and owners often get getaways and other good discounted stays. Our timeshare works for us...
I remember when they sold Hilton Head timeshares and charged a huge premium for the week of the Heritage golf tournament. But, then they changed the date of the tournament.

[agilles]

We have 2 timeshares that are weeks and 1 that is points that can be converted to numerous nights or units. We can also move the 2 weeks into the points program and convert to points annually. Have been to many places we wouldn't have gone to without the timeshares. We got pretty good deals on them when we purchased them, mostly 20 years ago. Now they would cost too much.

[dewilson58]

We have 2 timeshares that are weeks and 1 that is points that can be converted to numerous nights or units. We can also move the 2 weeks into the points program and convert to points annually. Have been to many places we wouldn't have gone to without the timeshares. We got pretty good deals on them when we purchased them, mostly 20 years ago. Now they would cost too much.

Question...................do you have maint fees???..............if so, how have the annual increases been???

[dewilson58]

I remember when they sold Hilton Head timeshares and charged a huge premium for the week of the Heritage golf tournament. But, then they changed the date of the tournament.

Very true....................that's the difference between a silver, a gold, a platinum purchase.
Priority as to when you can book..

[kkingston57]

For those who have one and are enjoying.

:read:

Have one and enjoy getting a 4 star ski accommodation. Used it for 20 years Starting to loose enjoyment as it is getting harder to use good ski properties. Full disclosure we do not have title to the ski property.

[BumpaOompa]

Have one and love it!!!

[Bill14564]

Wondering..................how many years have you owned and what was your estimated annual percentage increase for maint fees??? (increasing maint fees is the biggest complain)

Sorry, late replying to this thread.

We have owned DVC for at least 15 years and are very happy with it. We enjoy using it ourselves plus we often host family.

The initial investment was high but spread out over the years it isn't bad at all. Adding in annual maintenance fees then calculating the cost I figure I'm saving well over 50% off the cost of the room.

For example, I calculate that we are paying the equivalent of $2,500 total for a week in a two-bedroom villa. For the same week, a hotel room (single room, no sofa, no kitchen) is going for $850 per night and another site lists a price of $2,200/night for the two-bedroom. Without DVC there is no way we would be staying at that particular resort, and probably not on Disney property at all.

Over the last six years our maintenance fees have increased about 5% per year. The increases have not been uniform: prior to COVID they were about 3%, in 202 they actually decreased, and in the two years since COVID the increases have averaged 10%.

For us, DVC is a very good value. If we stopped enjoying Disney the value would plummet. We *might* be able to find more affordable accommodations but not with the location and amenities (room size) that we have now. Maintenance fees increase most years but so does the price of renting a room.

[Robbb]

I've rented many times at Westgate and did enjoy it, especially when the kids were young. Never understood why anyone would buy one when a very nice unit could be rented for about $150 per night. I never had any problem getting a unit, even over Christmas and New years.

[Robbb]

I've owned a 1 bedroom unit in Kissimmee for 40 years. I paid $3000 for it and my maintenance dues have risen from $400 to just under $600. I've traded it for a weeks in Europe, Vermont, and I traded for a week in Hawaii for our honeymoon, but mostly we've used the week at our home resort because my family liked amusement parks.

Now that we own a home in The Villages, we may rejoin the trading organization and start using the week for vacations in other areas.

If someone buys a timeshare as an investment property, they will be sorely disappointed. Used timeshares are almost impossible to sell, some of them you can't even give away. If on the other hand you find one at a reasonable price in a location that you want to visit on a regular basis it can be a good purchase.

Just curious, why not rent at the locations you want to visit? There are literally thousands of rentals both the US and Europe. No purchase cost, no yearly maintenance fees, just a daily fee to rent.

[retiredguy123]

I've rented many times at Westgate and did enjoy it, especially when the kids were young. Never understood why anyone would buy one when a very nice unit could be rented for about $150 per night. I never had any problem getting a unit, even over Christmas and New years.
Some people are intimidated by high pressure sales people, that's why.

[MrChip72]

You can "buy" timeshares on eBay for $1 or slightly more. That shows you how undesirable many of them are to own. You cannot compare a timeshare to owning a condo or home. The timeshare you don't really own anything except a contract to pay maintenance fees every year.

[Robbb]

The key word is WEALTHY.

Example:

Initial buy-in $25k to $35. (there are more, there are less)
Gets you one week usage (annually) at any of their locations.
Annual fees $2k. (there are more, there are less)

So if you use it for 10 years you have paid $50k to $70k for ten weeks of vacation in a condo......full kitchen, two bedroom, living room, with resort grounds.

So to wealthy people..............fifty grand, nice place to stay...........why not.

Because you can rent the same place for a fraction of the cost.

$150 per day X7 X10=$10,500. So for less than 11 grand you can have the same experience.

[Bill14564]

Because you can rent the same place for a fraction of the cost.

$150 per day X7 X10=$10,500. So for less than 11 grand you can have the same experience.

Where can you rent a two-bedroom apartment in a destination location for $150/day? Most hotels I've stayed at lately charge more than that for a single room.

[dewilson58]

Because you can rent the same place for a fraction of the cost.

$150 per day X7 X10=$10,500. So for less than 11 grand you can have the same experience.

I was not talking about that type of stay.

At a nice place, resort style, quality......Here is the Marriott Grand in Hilton Head:

Two bed room, Kitchen, Living room: $430 to $640 per night.

[mrf0151]

Like both of ours until the maintenance fees went out of site. Sold them privately for a song years ago.
It is amazing that I still get phone calls from those Timeshare companies that have popped up all over wanting you to sell yours to them. Must be big money in resales.

[retiredguy123]

Like both of ours until the maintenance fees went out of site. Sold them privately for a song years ago.
It is amazing that I still get phone calls from those Timeshare companies that have popped up all over wanting you to sell yours to them. Must be big money in resales.
Question: Does a timeshare owner have any control over the increase in the maintenance fees, or is the sky the limit?

[Garywt]

We have a week in Aruba in December and we love it. We have owned it for 6 years and enjoy just going and sitting on the beach. Also the food in Aruba is excellent.

[Tommyc6]

We’ve owned a total of 12 over the years all in Aruba we are now down to 3 and plan on keeping them. For us they’ve been great and don’t regret owning them.

[dewilson58]

Question: Does a timeshare owner have any control over the increase in the maintenance fees, or is the sky the limit?

Depends.

Some have annual inflation limits.

Most, once sold out, are run/controlled by an owner committee.
Maint Fees go right back into the property..............there is no profit component.

Since units are sold "by the week".......it's easy for the site can have 5,000, 6,000, 8,000 owners..............so the committee could have a ton of whiners and headaches.

They operate like mini CDD's.

[retiredguy123]

Depends.

Some have annual inflation limits.

Most, once sold out, are run/controlled by an owner committee.
Maint Fees go right back into the property..............there is no profit component.

Since units are sold "by the week".......it's easy for the site can have 5,000, 6,000, 8,000 owners..............so the committee could have a ton of whiners and headaches.

They operate like mini CDD's.
The owner committee and inflation limits sound fine, if they are mandated in the original timeshare contract. But, if not, an original buyer is basically signing a blank check to the developer for future assessments and maintenance fee increases. I think that is why some owners actually need to pay a law firm to get rid of their timeshare.

[dewilson58]

The owner committee and inflation limits sound fine, if they are mandated in the original timeshare contract. But, if not, an original buyer is basically signing a blank check to the developer for future assessments and maintenance fee increases. I think that is why some owners actually need to pay a law firm to get rid of their timeshare.

It's called Due Diligence.

Too much law firm advertising.

Like buying into TV (or any real estate), read all documents, understand restrictions, learn about fees.....and buy if you like.
(& no, it's really not high pressure)

Look at real examples.............look at many posters on this site......buying and selling and happy.

[Robbb]

Where can you rent a two-bedroom apartment in a destination location for $150/day? Most hotels I've stayed at lately charge more than that for a single room.

Search online through Airbnb or Westgate.com. or any other time share company, they are always renting their inventory of units.

[Battlebasset]

I have a friend that has one. She has to share it with her ex-husband. My parents had one, but at some point you get too old to use it, but you still have maintenance fees, or you have to get rid of it.

Life changes. People like to believe it never will. For that reason, I will avoid anything that looks like a time share.

[Bill14564]

Because you can rent the same place for a fraction of the cost.

$150 per day X7 X10=$10,500. So for less than 11 grand you can have the same experience.

Where can you rent a two-bedroom apartment in a destination location for $150/day? Most hotels I've stayed at lately charge more than that for a single room.

Search online through Airbnb or Westgate.com. or any other time share company, they are always renting their inventory of units.

Westgate Flamingo Bay in Las Vegas, middle of May (earliest I can find), two bedroom with a kitchen, $487/night.

Airbnb, Honolulu, middle of May (to compare to Westgate), $400/night and up.