Summer
is vacation time! Maybe that's why I've
been called twice with Timeshare offers.
Buy now and get a free vacation every year (except for the upfront $20,000-$50,000
cost that is no longer earning you interest) and the annual maintenance AND
switching fees to go to new locations (IF they are available). Couldn't you just use all this money to pay
to go anywhere you want any week? And
here's another big problem: If you want
to sell, you may be lucky to get 20% of the original value since there's very
little market for these. So I ask you, if
you really want a timeshare, why pay full price from the company that offers to
wine and dine you when you can buy one from someone looking to dump theirs for
likely 50-60% below the cost from the company.
You'll still take a loss if you decide to sell later as the broker takes
a big cut but I'd rather save $25,000 upfront on a timeshare "the
company" is selling for $50,000
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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