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Reasons why Investing in Timeshares is a Bad Decision
Timeshares are horrible investments with which owners incur more expenses than returns. Here are 4 reasons why you must not rely upon timeshares.
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TIMESHARES COST YOU MORE You are paying a significantly high amount upfront. Plus, you are also paying taxes & maintenance fee every year, regardless of whether you use it or not. All such costs will make you pay more than you could earn.
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TIMESHARES DEPRECIATE IN VALUE As soon as you buy timeshares, the value of it depreciates. In fact, its value plummets as much 80 percent or more of the purchased value the moment you leave the sales office. This always leads to substantial losses for the owner.
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LOW RENTAL RATES Timeshare owners rent them out to other people, when they are unable to use it. However, they end up offering the property at much lower rates than asking prices.
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TIMESHARE EXCHANGES Exchanging your timeshare will cost you more money. You will have to pay a fee every time you exchange it, apart from the hefty annual membership fee.
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Timeshares are never an investment and should only be purchased for the right reasons. As an investor, avoid them at all costs. If you are victimized by timeshare scams, get in touch with licensed timeshare attorney Susan M Budowski. For details, Visit www.susanbudowski.com or call 800 854 7872.
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