What would you be looking for if you we're buying a timeshare just for exchange

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

The nice thing about timesharing is that you usually have different neighbors and not enough time to get into conflicts with them. Or have you had troubles there too, JLB,

[PHILL12 Senior Member Find all posts View Profile Close PHILL12]

John I see your point but for most people this is just a bad idea of just buying for exchange in my opinion! Why pay for a timeshare so you can pay mf's every year plus exchange fee's every year to make a exchange and taxes?
It would be easier and less money to just rent each year for the place you want to go. It took me one day last year to book a Maui resort of our choice for May for our daughter's honeymoon and it was much less than the mf's if we owned there.

PHIL

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

John I see your point but for most people this is just a bad idea of just buying for exchange in my opinion! Why pay for a timeshare so you can pay mf's every year plus exchange fee's every year to make a exchange and taxes?
It would be easier and less money to just rent each year for the place you want to go. It took me one day last year to book a Maui resort of our choice for May for our daughter's honeymoon and it was much less than the mf's if we owned there.

PHIL

Agreed.

It's not like it was 5, 10, 15 or 20 years ago. The gloom and doom projections of "renting" used to sell timeshares did not come true. The opposite did. Timeshares became what "they" threatened traditional lodging would become, and traditional lodging, aka renting has become what timeshare was promised to be.

[JWC Super Moderator Find all posts View Profile Close JWC]

John I see your point but for most people this is just a bad idea of just buying for exchange in my opinion! Why pay for a timeshare so you can pay mf's every year plus exchange fee's every year to make a exchange and taxes?
It would be easier and less money to just rent each year for the place you want to go. It took me one day last year to book a Maui resort of our choice for May for our daughter's honeymoon and it was much less than the mf's if we owned there.

PHIL

That is why I advise people NOT to buy a timeshare today. I agree that renting is usually a much better option. I bought my TS over 20 years ago when it was much different than now. My timeshare is still very cost effective for us now as for the past few years we have only been exchanging into New York City and Waikiki.. My daily cost for exchanging into NYC or Waikiki is $117 /nt including Maintenance fees, Property Tax, SFX Platinum membership fee, and SFX exchange fee. You are not going to rent a place in mid-Manhattan of comparable quality for twice that amount in the summer.

This is not even taking into account the bonus weeks I get each year which lowers the daily cost even more if I use them.

There are many areas where renting is cheaper but definitely not NYC and some other high demand areas with limited supply.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

That is why I advise people NOT to buy a timeshare today. I agree that renting is usually a much better option. I bought my TS over 20 years ago when it was much different than now.

Wow! Is that not the same message as Post #33.

Spooky!!!