Timeshares are not Investments
55Current Owners Seek Relief for their Timeshares
A lot of timeshare owners today are displeased with their timeshare purchases and are taking steps to get rid of their timeshare vacation packages. Most of these timeshare owners purchased their timeshare vacation packages with the mistaken conception that purchasing timeshares are a lucrative form of investment. However, the truth is that timeshare properties are the worst investment that anybody could ever possibly make.
Many are mistaken over the fact that timeshare properties are the same as any conventional real estate. This is a very wrong assumption as timeshare properties have very different characteristics compared to regular real estate properties. The most critical difference between the two is that timeshare properties do not appreciate in value through time. Contrarily, timeshare properties lose value over the years. As a matter of fact, most timeshare properties lose almost half their value from the moment the ownership is conveyed from the developer to the timeshare owner.
In addition to this, most timeshare properties in the resale market today cost only a fraction of their original prices. In fact, a huge majority of the timeshare properties circulating in the timeshare resale industry cost only as much as 30 % of their original prices. Worse, a casual search on eBay would turn up any number of timeshares with greatly ludicrous prices of about $ 10 US dollars or even less.
For this reason, those who would like to invest in timeshares as a lucrative form of real estate venture should desist from their intended speculation. Would-be investors would be better off investing in more risky ventures with small chances of worthwhile gains. The existence of a small chance to profit is a lot better than no chance of profit at all. Plus, the difficulty in selling timeshares today has coerced a lot of existing owners to seek different modes of timeshare relief—another sign that timeshares are not investments at all.
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