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I doubt it. You have the loan interest, annual service fees, and fact that you don’t have a sellable asset, at least for anything like what you paid for it. An
by drsim 2y ago
I doubt it. You have the loan interest, annual service fees, and fact that you don’t have a sellable asset, at least for anything like what you paid for it. An empty vacation home is still an appreciating asset. Not a good investment in my circumstances but still better than a timeshare.
- jandrese 2y agoWhat is most amazing is that there is an entire industry of getting people out of timeshares. It's not cheap either. People are willing to pay large sums and take big losses for millstone removal. Timeshare companies pay a lot for every single successful sign up, so they are not willing to let them go without a fight.
- jerlam 2y agoSome timeshare companies have their own buyback / abandonment programs in response to the scammy exit companies: HGVC: https://tugbbs.com/forums/threads/hgvcs-deed-back-process.359743/ https://tugbbs.com/forums/threads/hgvcs-deed-back-process.35... Hyatt: https://tugbbs.com/forums/threads/hyatt-now-has-a-buy-back-program.302506/ https://tugbbs.com/forums/threads/hyatt-now-has-a-buy-back-p... Of course, these are not well advertised. And it contradicts the sales pitch of the timeshare maintaining / increasing in value if you are simply giving it back for free.