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Why Timeshares are a Bad Idea.

Timeshare have been received with mixed feelings. It is important for you to consider all the points before you buy a timeshare. First of all, it might seem like the buying price is low but there is also maintenance fee you may not be told about. This can be one thousand dollars or more depending on the kind of a timeshare. This does not matter whether you used your timeshare or not. As the years by, the amount of money you are spending towards the timeshare maintenance will accumulate and you will realize that things are not as rosy as you would have wished. You would be happier putting the money somewhere it will earn you interest. Also, one thousand dollars will even be enough for you to pay for a hotel during a vacation and even have a surplus. The contracts are usually indefinite which means you won’t get out easily. You will be taking a huge risk financially if you decide to commit to payment of maintenance fee for as long as you are alive. When the issue of people not having the time to go for vacation as raised, the timeshare companies introduced points but they give a very bad conversion rate such that you are better off taking the vacation.

Having timeshare at a particular hotel means you can only get free accommodation there which means exploring other areas will still require you to pay. This is not worth it when you give it some thought. Since there are many people with timeshares, you are not just allowed to drop in at any point and if your slot passes you have no other option to wait for the next year unless you are willing to pay for the full amount. You won’t find timeshares you are not free to use as you wish very useful. Emergencies can come up during the time your vacation was supposed to be at which means you should not be punished for something you could not have foreseen or controlled. This is not an investment but rather a way to just pay with minimal benefits. This arrangement only benefits the salespeople and those who own the resort. Just like a new car starts depreciating in value the moment you drive it home, so will the timeshare units. The people who are buying the initial timeshare units will also cover incentives, sales presentations and also giveaways in the process. When timeshares are presented to you during a vacation, your defenses will be down and you are likely to give in.

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