To put it bluntly, timeshares are a bad idea in general. Whether you think you’re “investing” in the real estate market or simply grabbing a great vacation getaway, think again. In this article, we will list out many of the reasons that timeshares are simply a bad idea overall.
They Make No Financial Sense
Did you know that the average price for a one-week stay at a timeshare is $21,455? The maintenance fees can even be worse than that, often with indefinite commitments that are difficult to get out of. With that kind of money, you could rent luxurious condos on Airbnb, VRBO, or simply book through a hotel’s retail listings. Not to mention eat out at luxurious restaurants, have people drive you places, and buy more than your fair share of expensive souvenirs to take home. When it comes down to it, buying a timeshare is a bit like putting all your expenditures on a credit card to pay off later…it simply doesn’t make any sense, and anyone who tries to tell you otherwise is either trying to sell you a timeshare or take advantage of you.
It’s Not An Investment if it Doesn’t Appreciate
Many of the businesses that sell timeshares will tell you that your purchase is a real estate investment, just like owning a home or other piece of property. The truth is that if you really want to own a timeshare, you can often pick them up on the secondary market for less than the owners have paid for them. If they’re truly an investment, why don’t they appreciate like other pieces of property? Scarce assets such as real estate have a high demand, and therefore tend to appreciate in value over time. Yet timeshares tend to lose value over time and are often sold for less than they’re worth. Doesn’t seem like much of an investment at the end of the day, and you’d probably be better off seeking out timeshare exit and support services instead.
Restrictions, Restrictions, Restrictions
We’re sure that if you currently have a timeshare, you were sold on all the amazing benefits that you could get from it. Free and easy access, date sharing, number of guests allowed, and pet-friendly suites are all some of the perks that timeshare companies use to try and entice people into buying these bad investments. But when you look at the fine print, it’s no wonder that so many people seek out timeshare exit and support services. The simple fact is that timeshares end up having so many restrictions on their use that they end up being more of a pain in the butt than simply booking a hotel on whim. From blackout dates to pet restrictions and more, most consumers do not get an optimized use on their timeshare and end up regretting their purchase.
Lawyers Make Their Living Off of Helping People Get Out
In our modern society, there are not usually lawyers where things run smoothly and nothing needs to be adjudicated. The fact that there are entire classes of reputable timeshare lawyers is evidence that many people are unhappy with their timeshares and are looking for some sort of timeshare exit and support services. If timeshares were really as amazing, wonderful, and great of a deal as they’re made out to be, why would there be an entire specialty of the law set aside to helping people exit them?
No Matter How You Phrase It, Timeshares Are a Bad Idea
No matter which way you try to phrase it, timeshares are simply a bad idea that any smart investor or consumer should avoid. If you’ve somehow bought into a timeshare, inherited one, or been conned into signing one over to your name, know that there are a wide variety of timeshare exit and support services that are willing to help you. From reputable timeshare lawyers to timeshare cancel services such as Lone Star Transfer, there is always a way to get out of your timeshare legally and to your benefit. Try to make the smart choice for you and your family by research other vacation options, saving your money, and investing in yourselves instead of timeshares. You’ll be happier, healthier, and a little wiser going forward in life!