E46Fanatics - View Single Post - What are your views on timeshares?
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Old 07-16-2012, 05:07 PM   #6
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Join Date: Jan 2004
Location: Dallas, TX
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Originally Posted by tootall View Post
My parents bought one in the 1970s for about $15000. Today it is worth about $5000 and I have it. Very bad investment. Also, not so good as you are committed to going to the same place every year at the same time, plus you have to pay maintenance and taxes every year. Might as well go anywhere you want without any upfront commitment. Sure, maybe hotels are more expensive, but you don't have to pay $5000 to $15000 up front. It's the worst investment ever. You can buy some cheap if you want, but still a bad investment whether it's $5000 or $15000, in my opinion. Buy some good stocks like Apple or Caterpillar for long term gain.
Most timeshares are not restricted like this. They have sister sites and you can reserve or trade weeks.

Still, a terrible investment. I used to go with my parents to get free XXXX and listen to their very good marketing.
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