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, February 24, 2007

Ten Things You Should Know Before Buying A Time Share

A list of ten things that the time share sales representative won't tell you, but you should really know before you purchase a timeshare from TheStreet.com:

1. Time Shares Are a Lousy Investment
2. You Can Get the Same Time Share for Half the Price
3. You Lose 50% or More When You Sell
4. It’s Cheaper to Rent a Time Share
5. Time Shares Come With Multiple Hidden Risks
6. Miss One Year and You’re Better Off Without a Time Share
7. Trading Isn’t Near as Easy as Claimed
8. If You Can’t Pay in Full, It’s a Terrible Deal
9. Travel Is Not Calculated When Comparisons Are Made
10. Hotel Prices Are Increasing (But So Are Time Share Fees)

If you take these into consideration before purchasing a time share, you are much less likely to fall into a time share trap (because you probably won't get one) and most importantly, you'll be approaching the possible purchase from a financial perspective rather than an emotional one (which the time share sales representatives want you to do).


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