Timeshares are becoming obsolete. As more people want to get away to exotic locations around the world, the demand for timeshares purchases and rentals have gone up. Because of this, prices have also skyrocketed. It is not uncommon to see timeshares going for over $10,000. This high front end cost, plus an annual maintenance fee which can range from several hundred to several thousands, can really do damage to a person’s wallet.
A timeshare is a bad investment for several reasons. Not only is the cost enormous, they also depreciate in value. Unless you have a timeshare in a very desirable, exotic location, you can never regain the initial capital that was needed to invest in the first place.
Many other vacationers decide that perhaps renting is the better choice and when it comes down to price, it most definately is. However, due to high demands, it is near impossible to get your specific resort, in the location that you prefer. Many timeshare owner’s, trying to recover their initial fees, charge high rental prices. This has been very discouraging for travelers, as they try to find the best deal for the time that they desire. If you look at...
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