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re: Marriott Timeshare Hilton Head Island, SC
Posted on 4/9/18 at 9:01 am to coachcrisp
Posted on 4/9/18 at 9:01 am to coachcrisp
quote:
Figuring just off the top of my head, from the #s she quoted, at today's prices, she's saving about $1000 a year by owning instead of renting for 2 weeks. It would take her 25 years to retrieve her initial investment at this rate..not to mention factoring inflation into the $25,000 initial investment.....and people are still buying them?
What I have never understood about timeshares is that with the $2,600 she spends a year in "maintenance fees", couldn't you have a nice vacation each year to different places...not to mention what could be done with that 25k initial investment?
This post was edited on 4/9/18 at 9:05 am
1
Posted on 4/9/18 at 9:43 am to 1BIGTigerFan
quote:
What I have never understood about timeshares is that with the $2,600 she spends a year in "maintenance fees", couldn't you have a nice vacation each year to different places...not to mention what could be done with that 25k initial investment?
If timeshares were good for the eventual owners, why would they need the high pressure sales pitch to sell them?
Assume 50 week year with 12,500 up front and 10% maintenance fee of 1,250
625,000 = 12,500 x 52 weeks construction costs (land + improvements)
62,500 = 1,250 x 52 weeks in annual maintenance
My basic question to the salesmen when they pitch me is what is a similar unit (not in the timeshare) cost in the same market. Either I gets lots of deflection or outright lies. Same with the annual aggregate fees.
Look, if I am renting a 650,000 condo with 2 bedrooms and I am paying 1,250 a week great. However, if I am renting a 150,000 condo and paying a 650,000 price I am going to shop around.
Time share salespeople are a breed apart from most any other salesperson you deal with. This is not by coincidence.
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