Do any of you have experience or recommendations for getting rid of a time share?
Stop paying the dues, and it will go away.CAPORAL said:
Do any of you have experience or recommendations for getting rid of a time share?
$700 I assume in just exchange fees.. then you have the yearly Hoa.Ag with kids said:
If you do it right, they can be pretty valuable.
My GF has several she inherited from her mom. They're all in RCI.
For Christmas this year I booked 10 days for us, 7 days for my dad, and 7 days for a friend of mine in St Martin.
Cost me a total of $700 for all of them.
It's going to be great when we retire in a few years.
Yep....62strat said:$700 I assume in just exchange fees.. then you have the yearly Hoa.Ag with kids said:
If you do it right, they can be pretty valuable.
My GF has several she inherited from her mom. They're all in RCI.
For Christmas this year I booked 10 days for us, 7 days for my dad, and 7 days for a friend of mine in St Martin.
Cost me a total of $700 for all of them.
It's going to be great when we retire in a few years.
Hey hey.. you don't to have to continue to explain how good of a deal it is.. but to come in and say it only cost you $700 was a flat out lie.. and way off!. It cost you $2300.Ag with kids said:Yep....62strat said:$700 I assume in just exchange fees.. then you have the yearly Hoa.Ag with kids said:
If you do it right, they can be pretty valuable.
My GF has several she inherited from her mom. They're all in RCI.
For Christmas this year I booked 10 days for us, 7 days for my dad, and 7 days for a friend of mine in St Martin.
Cost me a total of $700 for all of them.
It's going to be great when we retire in a few years.
So, now it's $2300 (We used 2 timeshares for this $800/yr for each) for two week long 1 bedroom condos and one 10 day 1 bedroom condo in St Martin...over Christmas (which is high season). Can you get a deal like that? (Hint: I know how much our condos in SXM rent for per night)
HOWEVER, we're also doing a trip for a week over spring break. Probably Cozumel. $200.
Then, we might do a week in Cabarete, DR again sometime this summer. $200. (TRAVEL NOTE: If you haven't been to Cabarete, you should hit it up. It was the one time in the DR that we felt comfortable out of the resort)
And right now, we're not even getting close to spending all our points. I just know that the value when we don't have to go to work anymore is worth the investment right now.
One of the timeshares can get us about 4 months in VCozumel for about $3200 (this is just an example).
Yes...we have the $800 maintenance fee...so, $4000 for 4 months in Cozumel. Retirement will be fun. (And the funny thing is, we already live on an island).
Y'all have fun paying $4000 for a week at a resort.
I didn't ****ing pay for it.Shife said:
Holy hell yes. A timeshare evangelist finally showed up to teach us all the truth about what a great investment it is!
schmendeler said:
The key thing being glossed over is that they didn't buy them. They were inherited. Someone else ate the terrible investment.
You are defending the undisputed worst type of investment so hard that is is like you are trying to convince yourself what a sweet deal you lucked into.Ag with kids said:This is the point.schmendeler said:
The key thing being glossed over is that they didn't buy them. They were inherited. Someone else ate the terrible investment.
As long as I'M not the one that bought it, it's a good deal. If I'd paid the **** ton of money that I'm sure they paid for it, then there's no way I'd ever recoup the investment.
Yeah...that's it.Shife said:You are defending the undisputed worst type of investment so hard that is is like you are trying to convince yourself what a sweet deal you lucked into.Ag with kids said:This is the point.schmendeler said:
The key thing being glossed over is that they didn't buy them. They were inherited. Someone else ate the terrible investment.
As long as I'M not the one that bought it, it's a good deal. If I'd paid the **** ton of money that I'm sure they paid for it, then there's no way I'd ever recoup the investment.
I know I am not the only one that finds it super weird you are gloating about mooching off your girlfriend's inherited timeshare(s) that you can gift to your lucky family members and friends.
Your girlfriend was probably overjoyed some schmuck agreed to pay the yearly maintenance, membership and other associated hidden fees not disclosed on this thread.
Ag with kids said:Yeah...that's it.Shife said:You are defending the undisputed worst type of investment so hard that is is like you are trying to convince yourself what a sweet deal you lucked into.Ag with kids said:This is the point.schmendeler said:
The key thing being glossed over is that they didn't buy them. They were inherited. Someone else ate the terrible investment.
As long as I'M not the one that bought it, it's a good deal. If I'd paid the **** ton of money that I'm sure they paid for it, then there's no way I'd ever recoup the investment.
I know I am not the only one that finds it super weird you are gloating about mooching off your girlfriend's inherited timeshare(s) that you can gift to your lucky family members and friends.
Your girlfriend was probably overjoyed some schmuck agreed to pay the yearly maintenance, membership and other associated hidden fees not disclosed on this thread.
I mean, the fact that right now I can take 3-4 vacations a year to the Caribbean/Europe for a **** ton less than you can doesn't factor into it at all. Sorry that some timeshare salesman touched you when you were young...
BTW, she pays all those fees from the chunk of $$$ her mom left her, so even that cost doesn't really affect us much.
Again...BUYING a timeshare is a VERY ****TY investment.
USING that timeshare without having to pay that huge upfront cost is pretty good.
If I split the $1800 in fees over 3 vacations, the cost is $800 per vacation. So, my Christmas trip will cost $800 for three 1BR condos for at least a week. Can you book three 1 BR condos in St Martin over Christmas for that price?
Right now we're actually giving trips away to friends and family because we can't spend all the points (which actually makes the cost per vacation go down). That will stop when we retire and we can travel more.
In short. DON'T BUY A TIMESHARE. HOWEVER, USING A TIMESHARE IS GREAT.
This thread isn't about time shares being an investment. Just because you want it to be doesn't make it so.ATM9000 said:Ag with kids said:Yeah...that's it.Shife said:You are defending the undisputed worst type of investment so hard that is is like you are trying to convince yourself what a sweet deal you lucked into.Ag with kids said:This is the point.schmendeler said:
The key thing being glossed over is that they didn't buy them. They were inherited. Someone else ate the terrible investment.
As long as I'M not the one that bought it, it's a good deal. If I'd paid the **** ton of money that I'm sure they paid for it, then there's no way I'd ever recoup the investment.
I know I am not the only one that finds it super weird you are gloating about mooching off your girlfriend's inherited timeshare(s) that you can gift to your lucky family members and friends.
Your girlfriend was probably overjoyed some schmuck agreed to pay the yearly maintenance, membership and other associated hidden fees not disclosed on this thread.
I mean, the fact that right now I can take 3-4 vacations a year to the Caribbean/Europe for a **** ton less than you can doesn't factor into it at all. Sorry that some timeshare salesman touched you when you were young...
BTW, she pays all those fees from the chunk of $$$ her mom left her, so even that cost doesn't really affect us much.
Again...BUYING a timeshare is a VERY ****TY investment.
USING that timeshare without having to pay that huge upfront cost is pretty good.
If I split the $1800 in fees over 3 vacations, the cost is $800 per vacation. So, my Christmas trip will cost $800 for three 1BR condos for at least a week. Can you book three 1 BR condos in St Martin over Christmas for that price?
Right now we're actually giving trips away to friends and family because we can't spend all the points (which actually makes the cost per vacation go down). That will stop when we retire and we can travel more.
In short. DON'T BUY A TIMESHARE. HOWEVER, USING A TIMESHARE IS GREAT.
So basically your argument is so long as you inherit a time share and avoid the upfront fee that generally makes timeshares a prohibitively bad deal, then they are great? How in the world is this even relevant when taking about a time share investment?
BTW, since I looked it up, you can check out this link to see if they'll buy it from you.CAPORAL said:
Do any of you have experience or recommendations for getting rid of a time share?
Bluecat_Aggie94 said:
I'm glad that dude is happy with his investment. Its a value proposition, and customer satisfaction has a value.
Personally, I value the freedom I have to go wherever I want to go, whenever I want to go there, and pay for what I get when I get it. Which is often someone's time share that would otherwise go unused. lol
As I've pointed out, if your timeshare is in RCI, you don't have to go to the same place.CanyonAg77 said:
Congrats on living next to a resort, and having a hobby, that lets you take advantage of a time share. So what happens in 15 years or so, when the kids are grown or in college, and you're getting older? Maybe you want to go to see grandkids, or visit your kids in college, rather than ski.
Can you easily dump it then, or are you stuck?
Frankly, I've never seen the advantage of a timeshare, or resort or lake cabin. If you have Bill Gates money, do whatever. But for most of us the cost/benefit ration is simply not there.
In addition, there are still a ton of places I want to go see, as opposed to the same place for every vacation.
If you're referring to the website I posted with the resale and purchasing of timeshares, you get all of that. I actually talked to them about it once.10andBOUNCE said:
I was looking at a resale property there....do you know if the daily use and discounted nights would roll to me or if that ends with the original owner? Heard both answers.