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| trixiezzz |
 Posted: Wed Feb 23, 2005 7:20 pm Post subject: Does anyone still buy timeshares? |
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Investing Manager
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We keep hearing about the Disney Vacation Club at Walt Disney World, which are basically along the lines of the old-fashioned timeshares. We love to vacation down there. But wonder about resale value.
I mean, the only people I know who have timeshares are trying to get rid of them. Is there a market anymore? |
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| ladyelle |
| Posted: Thu Feb 24, 2005 12:48 pm Post subject: |
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Investing Associate
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| Personally, we would never buy a timeshare. We think it is a bad investment. |
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| paula0000 |
| Posted: Thu Feb 24, 2005 5:18 pm Post subject: |
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Investing Manager
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| I would CONSIDER buying a timeshare- but only resale. However, right now there are so many great deals on sites such as skyauction.com for timeshare weekly rentals- I probably wouldn't buy as long as those deals are still there. |
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| wallace6 |
| Posted: Fri Feb 25, 2005 2:47 pm Post subject: Timeshares |
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Investing Sr. Associate
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| We are looking at Trentwest. Only on the resale market. You are not locked into any specific week or specific location. |
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| JoiseyFamily |
| Posted: Fri Feb 25, 2005 5:28 pm Post subject: |
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Investing Associate
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My in-laws love theirs. They love to travel, and for them it pays. My husband and his brother will one day inherit it. DVC is more like timerenting. You don't own it.
It depends on your life style. There are also so many different choices out there. |
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| trixiezzz |
| Posted: Fri Feb 25, 2005 6:00 pm Post subject: |
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Investing Manager
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| JoiseyFamily wrote: | My in-laws love theirs. They love to travel, and for them it pays. My husband and his brother will one day inherit it. DVC is more like timerenting. You don't own it.
It depends on your life style. There are also so many different choices out there. |
I've never understood exactly how DVC works. Can you explain it? You're not even locked in to one particular resort, is that right? |
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| lmountford |
| Posted: Sat Feb 26, 2005 5:36 am Post subject: |
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Investing Sr. Associate
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I'd like to know some more about DVC too. As far as general timeshare purchase goes I think some of them do represent acceptable value and could have investment potential but resale seems better than going direct. One important thing to consider is the other potential charges involved, management and maintenance fees etc. It seems to me these can often add up to as much as it would cost to rent the relevant accommodation when wanted. In some ways I think timeshare has been given a bad reputation because of the often oppressive and occasionally underhand tactics some sales teams have employed  |
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| mrsboz |
| Posted: Sat Feb 26, 2005 9:59 am Post subject: |
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Investing Sr. Associate
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| I don't think that I would ever get into a timeshare. A few years ago while my husband and I were going on vacation my boss was also. He had a timeshare by the time that he paid for his airfare and his yearly fee he wasn't too far below us. When you get a package deal you get a really good rate. I dont' think that I would want to be locked into anything. I would rather have the option of going to other place without worry that I had to get rid of my timeshare. not for me. |
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| paula0000 |
| Posted: Mon Feb 28, 2005 5:45 am Post subject: |
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Investing Manager
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| You can get lots of info about dvc through the disney website- they'll send it to you. On top of the initial purchase investment and the maintenance fees that need to be paid I would still think it's cheaper to rent a week from a member. |
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| jeepgirl30 |
| Posted: Mon Feb 28, 2005 10:18 am Post subject: |
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Investing Sr. Associate
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| I would like to do a timeshare but it really seems expensive and you don't really "own" anything. I went to the DVC presentation awhile ago but can't remember the details. I knew I couldn't afford it. |
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| wallace6 |
| Posted: Mon Feb 28, 2005 6:32 pm Post subject: DVC |
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Investing Sr. Associate
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| I believe that the timeshare with DVC is only for a limited time. In other words you can only own it until a certain date. Does anyone know anything about this? |
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| trixiezzz |
| Posted: Tue Mar 01, 2005 11:14 am Post subject: |
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Investing Manager
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| So with DVC, your investment only buys you rights to go to that level of property for, say 10years? Not forever. Is the cost-per-year then that much lower than just renting points from someone else? What's the advantage. Now I'm really confused?!? |
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| alicia gist |
| Posted: Wed Mar 16, 2005 1:26 pm Post subject: |
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Investing Sr. Associate
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| I have a friend who has a timeshare. She goes everywhere. She says a timeshare is a timeshare. She advised buying one just where you could trade for nice vacation destinations. |
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| freeye |
| Posted: Tue Jun 21, 2005 7:21 am Post subject: |
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Investing Manager
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some are saying a real estate bubble has formed in some local markets around the country and still others are starting to say the bubble is deflating in markets around the world such as ireland, england and australia.
bob brinker a national money talk show host said this on his weekend show of june 16-17, 2005.
his show is widely available around the country and it is also available archived for a small fee per month, at bobbrinker.com.
a bob brinker money talk forum was just started here at einvesting.com and i would like to invite you over there if you have additional questions on bob's views on real estate or TIMES SHARES, he had quite a bit to say about time shares this past weekend.
one sign of a real estate bubble is people day trading or quickly flipping condos. the below site lets buyer of preconstruction condos resell or assign these condos to new buyers.
CONDOFLIP.COM
freeye |
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| Grimreaper |
| Posted: Tue Jun 21, 2005 7:39 am Post subject: |
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CFO
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Why buy a timeshare? tain't no eason to do it, you can go to skyauctions.com and rent a timeshare for a little more than what buyers at the resort are paying for yearly maintenance fees! plus owners have increasing property taxes, maintenance fees, exchange membership and exchange fees, you also own a vacation home with 49 people you never met, that's assuming you have a deeded property, it's worse if you have floating time because the developers oversell the units since you just own air space and not a part of any building, there are only a fixed number of weeks available during the prime seasons, so if you don't get your request in early you lose out if you own floating time, plus you have a monthly payment on a property you paid too much for! YIKERS! as far as regular RE, the stock market is the key to everything we experience in life, gas prices, food prices, everything! if the market tells us that TOL, KBH, LEN etc. are priced too high in here in the near term, that will carry over into the housing markets, there are already signs in communities everywhere across the country about the fact that home prices have gotten away from us, stock investors don't realize it yet, if you own a home in any area that has dramatically increased in value I promise your local governing body will be looking to increase your property taxes soon  the adjustment on the local levels usually takes longer than the adjustments in the stock market, but da mawkets always adjust back to or up to the proper levels. |
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