Timeshares may seem attractive because they provide the opportunity to enjoy, for a certain period of time each year, the exclusive use of a luxury vacation property in another city or country that you could not have afforded otherwise. But the lack of information as well as the cunning of sellers can put us into difficult situations, which is why we are going to do some myth-bust related to timeshares.
Timeshares are an investment
Actually, they are not, because you do not acquire a property in the true legal sense of the term, but a right to use it, which is different.
Timeshares have a good value
Although they look like having a good value, in fact there are so many annual fees and taxes to pay for owning a timeshare that could cover a traditional vacation (with included airfare and commodity), and the number one reason, owner's want to sell my timeshare now rather than later.
Timeshares can be sold easily
The person who tries to sell you a timeshare will always try to convince you that you can easily give up the purchased package and resell it. Technically, this is true, but there is a "small" problem that the seller conveniently ignores: you will not sell your timeshare easily, nor at the same price as you bought it.
First Seen on: Financial Myths About Timeshares
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