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Does anyone own a timeshare?

Do you own a time share and what has been your experience. I would be interested in the location, week, and exchange co.

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Answer #1

Hi,

My parents looked into getting a timeshare in North Carolina.

There are some pros and cons.

PROS:

*  Long-term savings over hotels
* Home-like accommodations
* Real property ownership
* Ability to exchange
* Guaranteed vacations
* Flexibility
* Less maintenance than a vacation home

CONS: 

*  Reputation of unethical players and scams
* Flexibility
* Ability to exchange
* Cash flow
* Timeshares do not appreciate
* May be difficult to resell
* Maintenance fees and special assessments
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