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Updated over 7 years ago on . Most recent reply

User Stats

395
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105
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Ian Hoover
  • Bridgeville, PA
105
Votes |
395
Posts

Is a timeshare an investment or a bad move?

Ian Hoover
  • Bridgeville, PA
Posted

I have recently looked into picking up a timeshare in a few areas we like to go for vacations with my kids being young (3 1/2 and 3 months old), the prices are way cheaper then hotels if you think about it and then it would force me to take a few more vacations (My wife would be happy).

My question is are these really investments? I am looking at one 2 miles from Disney with a week at the end of May, we would use this every year probably until my kids are teens but will I even get any money out of it after that? Or will I be stuck with it like these people selling them now that are almost giving them away?

I hope someone on here has some experience with timeshares and can give me some advice or feedback, I also have never done one before but from what I can read you just pay the yearly HOA fee and that's it. Seems to good to be true.

Thanks BP!

Most Popular Reply

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2,011
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1,614
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Richard C.
  • Bedford, NH
1,614
Votes |
2,011
Posts
Richard C.
  • Bedford, NH
Replied

Make sure you cover your timeshare with aluminum siding the door-to-door guy sells you, have the driveway paved by a Traveler who just happened to have some extra asphalt from a job in your neighborhood, fill it with furniture from Rent-a-Center, and pay for it all with a payday loan.  Then you'll have like the perfect storm. 

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