Is Buying Timeshare a Good Idea?

The answer is "yes and no." Or maybe the question Should Be, "Is Buying a timeshare really a good idea?" Historically, timeshares Endura Have Fairly bad reputation for Several Reasons.

Timeshares (or the idea of sharing time at a vacation resort) Began sometime in the late 1960's. By the mid-1970's, the idea to lease the unit for the Same Same Time Every Year Became popular. Then in 1974, RCI (Resort Condominiums International) Came Into Being. For a small fee, Could you exchange your week in your unit and location for a similar-sized unit and week in a Different location.

So far, this sounds pretty reasonable. What Became But (and Still Remains) Inflated prices unreasonable That Are the timeshare developers charge for Their deeded property. Not only Inflated Are the prices, But Their Means of soliciting Potential buyers border on the inhumane. This Is What Is Referred to as "timeshare promotions" or the "timeshare tour."

You May Be strolling down the strip in Las Vegas, Through Pigeon Forge in Tennessee, or at Downtown Disney in Orlando, when to Suddenly You Are Attacked by the front man for a timeshare company. I will offer you any number of wonderful gifts, ranging from a free restaurant dinner or show to present cold cash IF you and your Spouse will complete a short survey and Give your opinion about Their lovely new timeshare. When you arrive, You are greeted by a salesperson Who Usually disregards the 90 minute time limitation. After 2 hours (and Several negative responses to BUYING on your part), the salesman leaves Briefly to bring in a manager. He Proceeds to strong-arm events you further, Demanding to know why Would you pass up Such a good deal. If you continue to refuse to buy, it will end there, if You are lucky.

Most timeshare companies spend 50% of Their assets on These promotions. Why not sell the deeds up front, and lower the prices?

One Need only to check eBay to see What resale timeshares are selling for. Generally, you CAN buy a deed for about 1 / 10 of the developer price, and maybe less events in today's economy. Unfortunately, this is not good for the seller Inflated Who Paid the price.

So, Buying a timeshare is a good idea? Could It Possibly Be a good idea, if Purchased resale. If you like to travel and enjoy home-like Accommodations versus a sparse hotel room, Then We Might Be timeshare for you. But Be Careful about how much you pay for it - someday, You May Be the seller!