Timesharing CAN be a good investment
(skip it if it's boring)
As it's come up - I'll give you all my tenpenneth. I have two timeshares - I bought neither after a pitch from a street tout.
The first one I bought in Saudi Arabia in 1995 after seeing an ad. It is a suite at Hotel Isis (5 star hotel) on an island in the middle of the Nile in Aswan, Egypt. It cost me 3K pounds for a six-person suite - red period - for 40 years. The annual fees are 100 dollars and they forget to ask me for the money....but I still get my week from the RCI bank.
The second one I bought on a welcome to RCI week in Spain in 1996 - they were trying to sell me Spain at 12K sterling but found me Goa for 3K sterling. It's at Royal Goan Beach Club in Goa, India - again 6-person apartment - red-period - but in perpetuity. The annual fees are currently around 200 dollars.
I'll cut to the chase:
If you are thinking of buying, buy at a LOW ENTRY PRICE (my two weeks cost 6K sterling)
Buy at a location where the LABOUR COSTS ARE LOW (Egypt and India fit the bill) this means the ANNUAL FEES will be low.
Note that the initial investment is LOST - you can NEVER sell timeshare at anything like what you bought it for. You need to USE it and suck out as much value as possible by making EXCHANGES TO LOCATIONS WHERE THE BUY-IN AND ANNUAL FEES ARE HIGH.
The current annual cost of my two weeks is:
RCI membership: 70 euros (+/- not sure)
Exchange fee for two weeks 400 euros
Annual maintenance 250 euros
Total call it 800 euros or 400 euros a week
Add to this low-cost airfares and you have great value.
Timeshare accommodation is usually 4 star and above - so my family 2 adults 2 kids have had high end holiday accommodation in Goa, Bali, Thailand, Spain, Tenerife, Sardinia, USA (twice), and the UK for the past twelve years. You cannot always choose where you go but you do discover all sorts of new places.
The best quality accommodation we have found is in the USA.
When we're retired (in LOS maybe) we'll live frugally and our annual treat will be a couple of weeks in a timeshare at a high end destination.
Just back from two weeks Tenerife at Club Casablanca and Hollywood Mirage - the buy-in there is astronomical and the maintenance fees enormous as they have excellent staff ratios and maintenance. But I'm not paying for it!!!!
Just my experience, but, on the whole, positive..... if you tackle it the right way, i.e. probably don't buy in Thailand! Maybe buy on the internet - loads of people want to sell 'cos they can't pay their maintenance fees. BUYER'S MARKET.
Andy Cap