3 ms·
Growing up in Ontario, a couple of my friends families had timeshares in Florida or Carolina. Are they pretty universally understood to be a bad investment?
by joenot443 2y ago
Growing up in Ontario, a couple of my friends families had timeshares in Florida or Carolina. Are they pretty universally understood to be a bad investment?
- scrapcode 2y agoAfter doing basic napkin math I've always thought it was pretty obvious. Buy-in + annual maintenance fees that are pretty close to what a condo rental outside of a contract would be. Then you add in the other factors such that you're locked into certain locations and whatever timeframe is not booked, don't actually own anything other than a lease, and the only way to get out of it is to sell it yourself... no thank you.
- TylerE 2y agoThey aren't an investment, period. You generally can't sell them. The complex can assess whatever maintainance fee they wish with little to no requirements for justification.