Question Hi KKemper,
I've been to my second time-share meeting within the past year with the same result, did not buy. This is purchasing a one-week of the year for vacation, and for a “small fee” trade up to just about anywhere in the world and complete with a monthly maintenance fee. They tell me it's a real estate investment/transaction, yet won't let me sleep on it. Both places told me that if I were to come back tomorrow and offer to buy without the “special deal”, or even if I offered more, they could not sell to me. Any idea why that is? They tell me it's a legal thing.
Also, if it's a real estate transaction with a title to my one-week of ownership, shouldn't I have a real estate attorney look this over before I buy?
Thank you,
Randy
Answer Randy; I did a cost analysis and NO time share anywhere is
a good investment. ITS only value is to have a specific
type accommodation available at a value locked in PROBABLY
lower than what the normal market could be in 4-6 yrs.
That is because you are paying now for today and the
future value of this UNIT of time and supposed value.
I went to two time share meetings and none were worth a darn.
HOWEVER, that being my side;
if u want to specifically stay at their brand hotel/place
and if u want a RATE locked in, you COULD save money.
IF also, you were to invest that cash into investment
real estate near your home and maintain it, ITS cash flow
eould eaily pay for any vacation place and still keep
on giving you value and return.
so, in the final calculation, I see no $ benefit,
practical benefit, time saving benefit, and no other
benefit for ANYONE To buy time shares.
thanks for asking me
kkemper@mindspring.com
if my suggestion to stay away is not strong enough,
YES< GET a real estate atty to review any docs.
Ignore the TOUGH sales tactics of the salespeople.
