Friday, January 27, 2012

Timeshare Investments

Timeshare investments, are the worst thing in the world, don't do it if you ever find yourself on vacation and pressured.
There used to be away around the horrid pricing schemes in the US.
Originally, they charged you 5000. to 10,000 to own, they you paid 500 to 600 yearly maintenance fees. This locked you in to going on vacation the same time and teh same week every year to the same place.
I found that if you bought a South african time share from redweek.com, or tug, you could pick up a red week at 500, with maintenance fees at 150 US $. It takes time and then you have to bank them with RCI or II.
You used to be able to use your timeshares all over the world. NOW, they have devalued the timeshares from South Africa or other countries, so that now the are no longer valued at teh redweek status of the US timeshares. Basically you would have to buy 2 to 3 weeks in south africa to get 1 week in the US. So it makes those timeshares as worthless as the US timeshares.
I thought I was the only one doing it, but apparently I was not alone? Oh well, it was good while it lasted.
I will do some more research to see if there is another way to make the timeshares a viable option

take care chck back later
Randy

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