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.

Saturday, September 09, 2006

10 Reasons Not To Buy A Time Share

Our Comments: We find this quite interesting about how the timeshare industry takes car of its own. We found an article entitled Ten Reasons Why You Should Not Buy a Timeshare which makes excellent sense and there is no reason that it should have a low rating. Even for those that are interested in purchasing a timeshare, the points are ones of which they should be fully aware. Yet the rating is 2.5 stars (and that is after I gave it a 5 star rating - it was 2.1 at that point I first read it). The only reason I can think of it being that low was that the time share industry people don't want the truth told. It goes to show that timeshare people actively try to undermine any reporting in the news or on the Internet that doesn't positively portray the time share resort business. Here are the ten points the article makes:

  • Timeshares are not very good for spontaneous traveling, especially in high season.
  • There aren’t as many resorts available as they made you think.
  • Hidden Fees.
  • Resell Values are horrible.
  • They are too expensive.
  • They will send you to collections too quickly.
  • The interest rates are up to the roof.
  • They won’t let you cancel your reservation after 24 hours.
  • Many of these places are still “under construction”.
  • Even if you have “points” they aren’t enough most of the time.

    I enjoyed the article because it highlighted a few points that I haven't gone into detail here, but are valid points that the time share resort sales people are unlikely to mention. You can read the entire article here.

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