Are timeshares a worthwhile investment? Pros and cons?
Answers:
I bought my first timeshare in 1977. I love it and still own it. I have since bought 3 more. I vacation a lot. A timeshare is NOT a good investment. It will not go up in value. If you vacation a lot and like the idea of staying in a fully furnished and equipped condo, rather than a hotel room, then timesharing is for you.
Buying from the developer is the most expensive way to make your purchase. Buying them used is usually the way to go. It depends on whether or not you want a specific place or want one for trading.
There is a lot to know about this. If you want more information you're welcome to contact me directly; timeshare@sierranow.com
no any idea
What is the cost of the timeshare including the time value of money? How does that compare to hotel rates? Just the tax and maintenance fees of $744 per year could pay for a few nights at a nice hotel.
I think timeshares are generally overpriced.
Usually NOT if they are the original market offering. The SECONDARY market can be closer to what they are actually worth, with the original owner taking a financial bath.
If you want to invest in Marriot then open a brokerage account at Zecco and buy at least one share (NYSE:MAR) every week and you will own hotels all over the World and you don't have to pay any property taxes and maintenance fees.
Also, you can sell all your shares in a nanosecond.
They will send you some of the profits each quarter until you die.
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