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Are Timeshares a Good Investment?
- Problems mount when owners forget to bank their upcoming time period. Even when the points are banked, they then must be used within a certain time or they are lost.
- Transportation costs, maid points and transfer fees to other timeshares outside your designated week all add up.
- Although there are often quick turn around bargains to be found if you are willing to consider other destinations, owners must be flexible with regards to vacation dates.
- If you purchase points or shares in a development and the owner goes bankrupt, you lose your investment; if the development goes into receivership, you are considered equally liable.
- Timeshares work for families that are committed to a yearly vacation in the same location. Additionally, companies become your personal travel agent, taking care of airfare and car rentals at a slightly reduced price.
- Families with young children find timeshares appealing, but older children with extracurricular activities (like soccer) tend to dictate where and when a family can vacation.