where was your last vacation?

[rh71]

Yeah I don't understand the timeshare either. You paid $12k + $100/yr maintenance then you have to pay another $3k every week you use it?

I never really liked the idea of going to the same place twice to begin with. Even if you can trade it, I just don't see how we would come out ahead.

 

[AznAnarchy99]

Vegas. I need to get away from that place and travel farther.

 

[Pr0d1gy]

The wife and I have 3 kids in our blended family. They loved it 😛

 

[brianmanahan]

The wife and I have 3 kids in our blended family. They loved it 😛

i loved it too, last time i went 20 or so years ago

actually would like to go back, but no wife or kids to use as an excuse to get me in while still keeping my street cred 🙁

 

[TXHokie]

Yeah I don't fully understand. Is that a one time payment of $12,000, or an actual recurring payment?!

Went to one of those timeshare presentation and got the whole "feel good" no pressure sales pitch about how I can save money over time. What BS. It was just like buying a car with the rep and manager going back and forth with better deals. What they don't tell you if you don't watch out is that the annual dues start out low but can go up unlimited and there's no cap. So you can have a low $300/yr dues that can double next year, and might go to $2k/yr. So after you finish pay up the $12k initial cost, you're still on the hook for the dues indefinitely. Here's the kicker, the transaction is real estate so if you don't pay the dues, they can default you with a foreclosure on your credit. If you have extra money and flexibility, it may work but I've read about too many horror timeshare stories.

 

[Fritzo]

Yeah I don't understand the timeshare either. You paid $12k + $100/yr maintenance then you have to pay another $3k every week you use it?

I never really liked the idea of going to the same place twice to begin with. Even if you can trade it, I just don't see how we would come out ahead.

😕

The twisting of words on this subject are hilarious. It reminds me of that thing where you have to tell a story to the person next to you, and by the time it goes through 20 people it's a totally different story.

-I bought the timeshare off of someone else. It sold for $30000, I got it for $12000. Once the $12000 is paid, there are no other payments other than maintenance.
-You pay $350 every three years for maintenance. This includes insurance, furniture refreshes, and housekeeping.
-It's at a premium resort in a closed community, with 5 pools, free jetski/canoe access, tennis/basketball courts, free spa/tanning/gym, access to a 4* restaurant, premium shopping outlets across the street, and more.
-The condos have 2 bedrooms and sleep 6, are completely furnished, have DirectTV, and have a premium kitchen.
-If you were to stay there, the condo would rent for $2500-$4000/wk depending on the time of year.
-We got a primo week in late June. If we don't stay there, we can turn the week over to a broker who then rents it out for us. His fee is $300 and guarantees the the condo will be rented.
-If we rent out the condo for a week, we get two weeks at one of their other resorts (they have 400 of them across the country)
-You also get access to their "Getaway" rates if you want to take more vacations during the year. For instance, we can stay in Tahoe for $89/night at one of their network resorts.

This works for me, and the people I work with have had theirs for 5 years now and highly recommended it.

 

[BurnItDwn]

😕

The twisting of words on this subject are hilarious. It reminds me of that thing where you have to tell a story to the person next to you, and by the time it goes through 20 people it's a totally different story.

-I bought the timeshare off of someone else. It sold for $30000, I got it for $12000. Once the $12000 is paid, there are no other payments other than maintenance.
-You pay $350 every three years for maintenance. This includes insurance, furniture refreshes, and housekeeping.
-It's at a premium resort in a closed community, with 5 pools, free jetski/canoe access, tennis/basketball courts, free spa/tanning/gym, access to a 4* restaurant, premium shopping outlets across the street, and more.
-The condos have 2 bedrooms and sleep 6, are completely furnished, have DirectTV, and have a premium kitchen.
-If you were to stay there, the condo would rent for $2500-$4000/wk depending on the time of year.
-We got a primo week in late June. If we don't stay there, we can turn the week over to a broker who then rents it out for us. His fee is $300 and guarantees the the condo will be rented.
-If we rent out the condo for a week, we get two weeks at one of their other resorts (they have 400 of them across the country)
-You also get access to their "Getaway" rates if you want to take more vacations during the year. For instance, we can stay in Tahoe for $89/night at one of their network resorts.

This works for me, and the people I work with have had theirs for 5 years now and highly recommended it.

Soundsl like you are one of the rare cases of somebody who got an awesome deal on a Timeshare....