As you can read from my previous post, I have been working on an "information product" (book). A big part of why we are in debt is a BAD decision we made to purchase a timeshare a few years ago. We learned a lot about how to get scammed and how to avoid getting scammed when buying a timeshare. I'm writing my book about this. It should be ready in a month or two.
We also learned how you can take vacations at luxury resorts and pay the same or less than you would to stay in an average hotel.
If you want this free report about how to stay in luxury resorts for cheap, visit my new website,
(Yes, that's me and my wife in the picture at the top!)
April 11th, 2006 at 04:58 pm 1144774708
Yet if you can get one for $2,000 and pay $600 a year in maintenance fees for a 2 bedroom unit your whole family can and WILL use yearly, you are able to stay in a luxury resort unit which fits your entire family for basically the price of your maintenance fees -- which is much cheaper than staying in a hotel (or 2 hotels rooms to fit your whole family).
There are 1000 ways to get ripped off. Even people who think they are wise buying on the resale market are getting ripped off. I'm just writing a book on how to make sure people are properly educated if they are considering buying.
Incidentally, I did a survey of 50 user of a popular timeshare users discussion forum. Of the 50, nearly all of them (>90%) were very satisfied with their timeshare experience. I assume they were satisfied because
a) they could afford the maint fees
b) they used and enjoyed their timeshare resorts
Incidentally, >90% of these users also believed that timeshare salesmen lie to make the sale. It is these lies I am trying to set right.
April 12th, 2006 at 01:50 am 1144806621
But yearly maintenance fees will almost alway be cheaper than renting (not by much, but at least a few hundred dollars yearly). So if someone has a location they know they like and want some of the extra benefits available with some of the "vacation clubs" -- like last minute weekend rentals for $40 a night (which my wife and I have used a lot for weekend getaways), timeshare ownership is a viable option.
Timeshares values drop faster than new car values -- if you buy from the developer, it loses 50%-70% of it's value in 5 days (the typical rescission period). But after that, the prices on the resale market remain pretty stable. If you buy it on the resale market for $3000, you should be able to sell it for at least the same.
April 12th, 2006 at 01:16 pm 1144847793
So where is this other option to get a $40 weekend deal?
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