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Does anybody own and use timeshare, do you like it and where do you own?
I own timeshares with Marriott and Wyndham. As investments, they are not a good idea. Used for vacations, particularly with a group or a large family, they can work out well. Marriott and Wyndham have flexibility now that they both have a points based system in addition to the week system. I don't have to stay at my home resort. I don't have to stay for a whole week. I can get almost any size unit I want or need. Wyndham trades thru RCI and Marriott through II for units outside these brands.
My wife and I are going to AZ with our son and daughter-in-law. We are staying 2 nights in a Wyndham unit in Flagstaff. Then we travel to the Grand Canyon for 2 nights in a park facility. Back to Sedona in another Wyndham unit for 3 nights. The Wyndham units will be more than a room with 2 double beds. We will have a living room and kitchen in addition to the bedroom and bath. Much more comfortable for 4 adults.
You can use your points for cruises and tours, but they don't convert very well.
I like the fact that Marriott has a resale program should you ever decide to sell. The unit won't sell fast, but you will get more than if you sell it on eBay. Buyers through the Marriott resale program get the same percs as the original owners. Wyndham does not have a resale program. You can buy (or sell) the Wyndham units for basically only pennies on the dollar. One reason they are worth so little is that with Wyndham, resale buyers do not get to participate in all of the programs and percs available to the original owners. I may buy more Marriott units in the future, but I will never buy more Wyndham.
My Marriott units are in Hilton Head, Myrtle Beach and Las Vegas. My Wyndham unit is at National Harbor in Washington, DC.
Our timeshare is based in Lake Tahoe, but we have used it for Yellowstone, Nashville, Branson, and recently, Windsor (Sonoma County, California). We get away to Tahoe whenever we can because it's only two hours away, and will be spending the holidays there with our families for a week. The timeshare forces us to plan our one-week vacations. My husband is not retired, but I am, so we have to go when our schedules mesh about 3x a year. We plan on going up and down the Oregon Coast as well as to New Mexico next year. We've been there, but we do like concentrating on an area and checking it out for a week. Maybe back to Yellowstone? It's just the two of us, so there's no need to purchase extra points. The units are immaculate, and the timeshare folk are friendly and helpful when it comes to things to do. Since the place to stay is paid for, all you need to do is budget for food, gas and entertainment. And some groceries for a few meals to cook because the timeshare does have a kitchen and the pots, pans and utensils.. Takes a load off when you're planning your getaway. We enjoy the hell out of our timeshare. And in order to do that, you have to use it!
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