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.

Monday, August 28, 2006

What You Need To Know About Timeshares

Kiplinger's Personal Finance came out with a short list entitled What You Need To Know About Time Shares. The list is basic with good advice although we'd have strengthened a couple of them. Here is what they had to say:

  • Time shares are still a lousy investment
  • Selling agents may be of little help
  • Financing is a last resort (we'd stiffen this up and say no resort)
  • Trading spaces can be a headache
  • A slice of a condo can be better than no condo at all (we'd opt for the renting a timeshare unit rather than purchasing as a smarter move)

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