Does anyone a timeshare? Are they worth it?
I a timeshare once. They are good for people who have the time to them. However, if you frequently, then you should probably not one.
I would you carefully the values of other timeshares in the same area, and their depreciation.
Some people that it is better to a used timeshare, since many people are happy to of them and be able to the monthly payment, and so you can one cheaply.
Did you delete all the verbs from your post?
As for timeshares, they are a terrible “investment.” Even if someone gives you one for free, the maintenance fees will get you.
The only people I know that use and enjoy them, purchase weeks (or points?) with a larger timeshare company like RCI. I have no clue about the specifics, I assume they then trade these weeks for lodging at resorts. The benefit of the larger company is that they can go to resorts all over the world.
I was thinking of doing the points. Then there is more flexibility of travel times and destinations. I’m still weighing all the pros and cons.
Instead of buying the timeshare, why not just bank the money and use it for a hotel when you go on vacation?
Yes they did… please re-read the first line of the OP… “Does anyone a timeshare?”
My parents have a timeshare that uses a point system. They can go anywhere that their timeshare has hotels and at any time of the year, but they usually go to Vegas. They’ve been pretty happy with it over the years. I don’t know the cost of the timeshare versus what they would spend on hotels without it, though.
Oops!!! I didn’t even catch that typo. 
Oops! I guess I forgot the word own. 
A hotel and a resort condo are totally different beasts.
Don’t think of it as an investment… you won’t later sell it for a profit.
Remember you will normally be staying in a 2 bedroom, living room, 2 bath, full kitchen, likely on a golf course condo for the week. A basic mid level hotel room is about $120 per night so the annual maintenance fee doesn’t seem so bad in comparison… except for that initial investment. Make sure you pick someplace you really want to go to each and every year, or plan to join an exchange company… which will be an additional expense.
There is no right or wrong answer… some people love them… some don’t. It all depends on your individual situation.
Absolutely.
Poor ole mom just turned two paid for time shares back into the company. They were in Honolulu. It was prime property when they bought them in the late 70s, but it had become a piece of crap since then. She got tired of paying 1200 per year to maintain the 2 weeks she had there. She tried selling them, and nothing. She tried those “we’ll buy your time share” companies, and they are nothing more than a rip off. She just gave the title back to the company and walked away.
Don’t buy a time share, look around. People are having trouble giving them away.
We own points in Disney’s time share program and have been happy so far. They have a point system, and points bought from Disney can be used both with Disney and through the RSI system (they have an affiliation). Points are also usable in their system for cruises and package vacations (though these are acknowledged as not very good values). There is a rather hot market on Disney (DVC) points for both rental and resale. I like that we can use points for any length of stay - one night or a week or more. They would not be a good value for everyone, but it works for us.
This was her problem, not the fact that it was timeshare… she bought at a poorly managed property.
Absolutely NOT true in a popular area and a well managed resort.
I need to look into DVC also then.
Right now I’m seriously looking into the Wyndham points. Maintenance fees are paid monthly. And with the points, dependi g in availability, I can stay where there is a wyndham resort and have the option of a week, 4 nights or the weekend. Of course that depends on the resort.
With my family of 5, I love the idea of a 2/3 bedroom condo.
I’m still weighing the pros and cons.
When I was looking at timeshares, it came down to between Hilton and Disney for me–as I recall, Hilton (and I suspect Wyndham) has a method to convert points into normal hotel room stays if you want to go somewhere there isn’t a timeshare. Probably not the most efficient use of points, but it does increase options.
I ended up going with Disney, as I came to the conclusion that the places I’m most likely to want to go by default every year were Vegas or Orlando, and Disney on-site property benefits were better than slightly-off-strip Vegas places.
And yes, money-wise it’s not the most efficient use of my money, but one of the main reasons I was looking was to essentially force myself to take more vacations–if I start thinking in the “save money” mode, I just end up saving all of it by not going anywhere further than my couch.
One thing to note. The maintenance fees are not annual fees but rather are weekly fees.
Maybe it is the way you are phrasing it, but maintenance fees for your typical timeshare product (one week per year) is an annual assessment. Sure, if you buy two weeks per year you have two maintenance fees to pay per year… so I guess that could be described as a weekly fee. As far as paying each week (52 times per year) that would only be if your payment schedule was set up that way.
Points are somewhat different, but still are considered an annual assessment. The difference is you pay a higher assessment if you purchase more points.
I’ve been in the industry for about 25 years and they are all annual assessments.
I guess I now have to state that anything expressed in this thread or any other thing I may post past or future are purely my opinions and in no way represent the opinions of any company I may or may not work for now, in the past, or in the future. In fact I may even be lying about working in the industry at all.
I predict that this thread will become a spammer magnet for those hawking timeshares, and will be revived as a zombie over and over again until a mod finally shoots it in the head, just to be sure.
And it always starts with a curious question.