Timeshare Trap

Timeshares are one of the worst investments you can make. This journal is to inform people who are thinking about purchasing a timeshare not to do so and help those trying to get rid of their timeshare.

Sunday, February 19, 2006

Luxury Timeshare Yachts

Our Comments: I came across an article in the newspaper this morning and I simply cringed when we saw the idea of a luxury boat timeshare. This concept will end up being far more costly to anyone who gets involved that even a regular timeshare unit (note: there seem to be some boat fractional time units where there is no ownership of the boat and set fees which seem a little better but should still be approached with extreme caution). Having been around yachts (not quite this size, but I did used to race 36 footers) their value dives far faster that condos plus the upkeep of them is extremely expensive. Definitely no discount parts in the luxury yacht business. Just as with regular timeshares, you can rent something like this for a week for far less than you could ever getting into a timeshare with it. Lastly, weather is a huge determining factor with sailing - sign up for a set time each year and you may never even get out. Avoid at all costs.


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