What do you own when you buy a timeshare? Nothing.

[FloridaGuy Member Find all posts View Profile Close FloridaGuy]

No property. You own a piece of paper that tell you that you can vacation at one of their resorts if there is availability. If you find a sucker you can sell your worthless piece of paper, but you own nothing in reality. NOTHING. You own debt that will never end.

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

No property. You own a piece of paper that tell you that you can vacation at one of their resorts if there is availability. If you find a sucker you can sell your worthless piece of paper, but you own nothing in reality. NOTHING. You own debt that will never end.

That is quite true if you own in many points systems. If you own a fixed week in a deeded resort, you own a fractional share of the resort or perhaps in one condo in the resort (some are deeded each way). You don't have to worry if there is availibility as you own that week in that unit, and you will always get it. I much prefer a solid summer week in an oceanfront OBX timeshare resort to ''points'' in any points system ever created, even Hapimag, which is the most solid of the points clubs.

[FloridaGuy Member Find all posts View Profile Close FloridaGuy]

That is quite true if you own in many points systems. If you own a fixed week in a deeded resort, you own a fractional share of the resort or perhaps in one condo in the resort (some are deeded each way). You don't have to worry if there is availibility as you own that week in that unit, and you will always get it. I much prefer a solid summer week in an oceanfront OBX timeshare resort to ''points'' in any points system ever created, even Hapimag, which is the most solid of the points clubs.

You still own nothing tangible. You own the promise of the use of a weeks vacation and every year you will be billed for more than the cost in maintenance and taxes.

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

You still own nothing tangible. You own the promise of the use of a weeks vacation and every year you will be billed for more than the cost in maintenance and taxes.

First, as to taxes, they are only billed seperately in a handful of US states. For most timeshares, they are simply one of the components of the maintenance fee.

Second, if the resort is destroyed or wound up, your fractional ownership entitles you to part of the proceeds, One resort I owned at in Europe did, in fact, vote at an annual meeting to wind up, and in the distribution, my week was paid out at about 2,800 euros.

Third, as to the cost of renting a week at a comparable resort in the same area compared to the maintenance fee, for my Outer Banks and UK resorts, rental costs would significantly exceed what I pay in maintenance fees, so I get very good value there. For my South Africa resort, I have never studied the rental market there, but it is my cheapest maintenace fee and I use it for trading.

It all depends on what you own. What do you own that is so terrible? It certainly sounds like it is a points resort in an overbuilt area that is still developer-controlled.

[FloridaGuy Member Find all posts View Profile Close FloridaGuy]

First, as to taxes, they are only billed seperately in a handful of US states. For most timeshares, they are simply one of the components of the maintenance fee.

Second, if the resort is destroyed or wound up, your fractional ownership entitles you to part of the proceeds, One resort I owned at in Europe did, in fact, vote at an annual meeting to wind up, and in the distribution, my week was paid out at about 2,800 euros.

Third, as to the cost of renting a week at a comparable resort in the same area compared to the maintenance fee, for my Outer Banks and UK resorts, rental costs would significantly exceed what I pay in maintenance fees, so I get very good value there. For my South Africa resort, I have never studied the rental market there, but it is my cheapest maintenace fee and I use it for trading.

It all depends on what you own. What do you own that is so terrible? It certainly sounds like it is a points resort in an overbuilt area that is still developer-controlled.

What do you own? Noting besides A big fat debt.

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

You own a vacation week in a unit where you can cook and have several people stay comfortably for less than $ 100 a day. Why do you call yourself Florida Guy when you post from California ?

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

What do you own? Noting besides A big fat debt.

2,800 euros into my pocket when one of my resorts wound up was an asset, not a debt.

Again, what is it that you own that is so awful? Let other members know so that they can avoid that resort or resort chain, or at least be warned before buying there.

[1950bing Senior Member Find all posts View Profile Close 1950bing]

My advice to you is to buy no pieces of paper and move on.

[FloridaGuy Member Find all posts View Profile Close FloridaGuy]

You own a vacation week in a unit where you can cook and have several people stay comfortably for less than $ 100 a day. Why do you call yourself Florida Guy when you post from California ?

I'm not in California, and I can call myself Mars guy and not be in Mars and I am in Florida, and thanks for snooping on me, but your info is very wrong.

[FloridaGuy Member Find all posts View Profile Close FloridaGuy]

2,800 euros into my pocket when one of my resorts wound up was an asset, not a debt.

Again, what is it that you own that is so awful? Let other members know so that they can avoid that resort or resort chain, or at least be warned before buying there.

Yeah, nice, if it's true you probably had to pay 10 times that much to get a little bit back.

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

Yeah, nice, if it's true you probably had to pay 10 times that much to get a little bit back.

No, as a matter of fact, it was more than I paid when I bought the week on the resale market. Part of the key in timesharing is to always buy on the resale market, not from developers.

[FloridaGuy Member Find all posts View Profile Close FloridaGuy]

No, as a matter of fact, it was more than I paid when I bought the week on the resale market. Part of the key in timesharing is to always buy on the resale market, not from developers.

Congrats, you are one of the few lucky ones.

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

Congrats, you are one of the few lucky ones.

Not really most of the regulars here have bought resale. I own 14 weeks rent out more than half leaving me with about 6-8 weeks of free vacations a year. With all due respect you are obviously a novice at owning timeshare and rather than criticize everyone on this forum relax read the posts and maybe you will learn something.

I will say that for more than 90% of timeshare owners who purchased from a developer you are correct but just because timesharing does not work for you, it does work for a large majority of the regulars here.

[shaggy Moderator Find all posts View Profile Close shaggy]

Why are you so upset & bitter? It's obvious it's not working for you and you are very bitter over something.

[Ryne08 Senior Member Find all posts View Profile Close Ryne08]

Shaggy, where is this tread going ?