Hear this out loudPauseMoreover, 82% of all owners would recommend timeshare in general. So it's no surprise that owners have been eager to get back to their timeshare vacations. In 2021, owners took an average of 4.1 vacations and 78% used, exchanged or converted their timeshare.
Why do people hate timeshares so much?
Hear this out loudPauseHere are the issues with owning a timeshare: There is a huge resale market. Often you can pick up units for less than half of what was originally paid. Like a car, a timeshare depreciates once you “drive it off the lot” (take ownership).
Are timeshare owners happy?
What does Dave Ramsey think about timeshares?
Hear this out loudPauseWhile timeshares can work out for some people, financial expert Dave Ramsey says they're worth avoiding. In fact, he even goes so far as to call timeshares a "real estate trap."
Can you just walk away from a timeshare?
Hear this out loudPauseUsually there are maintenance fees that you have to pay as long as you're the owner, and the contract often requires that they increase every single year. Most timeshare companies won't let you just walk away because that's their business model. Once you're locked in, you're locked in.
Why would anyone want to buy a timeshare?
Hear this out loudPausePeople buy timeshares because the average cost is almost nominal in comparison to a lifetime of vacations. At most timeshare presentations, a sales representative will show you approximately how much you'll spend over your lifetime on travel.