Are Timeshares Ever Worth It?

by | BiggerPockets.com

Timeshares are certainly one way to get into vacation properties. But even though the concept has seemingly stood the test of time (they’ve been around since 1969), are timeshares a good investment?

You’re probably already familiar with the basics. After a significant initial investment, you pay a yearly maintenance fee for the duration of your ownership. But should you consider investing this way, or is it more trouble (and money!) than it’s worth?

Here are some downsides to timeshares.

No Income Generation

When you hear the term “investment,” you usually think of putting your money into stocks or another type of “vehicle” that can generate passive income. Real estate companies often market their timeshares as a fantastic investment opportunity—but they’re typically not.

What you’re usually buying is the ability to use a vacation rental one week out of the year. This “investment” can cost you anywhere from $10,000 to $50,000 depending on the location and amenities, plus an annual maintenance fee to keep your ownership.

If you want to go on vacation every year, this might sound like a great deal. But look at it in terms of actual investments.

If you put the $10,000 that you would spend on a timeshare into a mutual fund with a 12 percent return, you’d end up with over $30,000 after 10 years—even with no annual contributions. In 20 years, you’d have almost $100,000.

But if you put that same money into purchasing a timeshare, you’re not going to make any money from it. You’re not investing in the real estate. You’re buying one week, once per year.

return-visit-vacation-rental

Related: The #1 Reason Newbies Go Broke in Real Estate (& How to Avoid It!)

Increasing Maintenance Fees

Once you make your investment and purchase your timeshare, you need to pay annual maintenance fees to maintain your status as an owner. Once you sign on that dotted line, there’s no guarantee the costs will stay the same throughout your term of ownership.

If you’ve budgeted for a $500 annual fee and it suddenly jumps up to $1,000 or more, you could find yourself scrambling to make sure that you can cover it.

The Costs of Cancelling

You do always have the option to cancel your timeshare, but this can end up costing you a lot of money if you don’t do it right. If you’ve got a timeshare that you never have a chance to use or can no longer afford for whatever reason, it’s tempting to cancel it to shed the unwanted expense and free up those funds. But make sure you’ve read your timeshare contract carefully to determine what you have to do to cancel or resell it.

Unfortunately, only about 3.3 percent of timeshare owners in the past two decades report successfully reselling their property. If you do plan to sell or cancel your timeshare, seek out the assistance of a certified timeshare exit company to make sure you’re not spending more money than is necessary to get out of the contract.

vacation-rental-management

Related: 22 Unforgettable Experiences From My First Rental Property

Rigid Scheduling and No Variety

If you don’t mind vacationing in the same place every year, this isn’t a problem. But for most people, variety is the spice of life—and going back to the same vacation rental every year gets boring after a while. Timeshares don’t usually give you the option to switch up your location, which means you’re stuck with the same place, view, amenities, and attractions year after year.

With fixed-week timeshares, you’re also restricted to taking a vacation during the same week every year. Floating week timeshares give you the option to choose a different week every year, but you might find it challenging to book your vacation during peak times, such as spring break and summer vacation.

Whether this is a problem is entirely up to your schedule and how you like to vacation. If you prefer going to the same area every year, then a timeshare might be a cost-effective way to make that happen. However, if you prefer variety in your experiences, you should look elsewhere.

More Trouble Than They’re Worth

Are timeshares more trouble than they’re worth? That depends entirely on you.

If you’ve got enough disposable income for your initial investment, as well as the annual maintenance fees, and don’t mind traveling to the same area every year, then a timeshare might be a great option. Otherwise, timeshares tend to be more trouble than they’re worth.

They’re expensive—and contrary to what a real estate salesperson might tell you, they’re not actually an investment. You’re paying for a week of rent once a year, and it’s not making you any money back.

If you prefer to actually do something constructive with your investments, consider putting your money into a true real estate investment (i.e., a rental property), a mutual fund, or another high-return investment instead.

That way, once you start earning profits or dividends, you can enjoy a vacation wherever you want without being tied to a single unit in one location.

Resources

(1) https://investorjunkie.com/91/why-buying-a-timeshare-is-a-bad-idea/

(2) https://www.nerdwallet.com/banking/calculator/compound-interest-calculator

(3) https://ezexitnow.org/the-cost-of-canceling-a-timeshare/

Do you own a timeshare? What’s your experience been like? Or are you considering buying into one? Have you read all the fine print associated with the investment?

Comment below!

 

About Author

Anum Yoon

Anum Yoon is the founder and editor of the millennial money blog, Current on Currency.

24 Comments

  1. Mike McKinzie

    Anum, you are absolutely correct, Timeshares are NOT an investment. They are having a place to stay. You stated: ” If you put the $10,000 that you would spend on a timeshare into a mutual fund with a 12 percent return, you’d end up with over $30,000 after 10 years—even with no annual contributions. In 20 years, you’d have almost $100,000.” 12% is a great return, and some MF’s hit that mark, but more do NOT. And you forgot the other side of the argument. I own a Timeshare on Waikiki Beach, Hawaii. If I were to rent a condo of this quality, it would be $2,000 a week (it sleeps six comfortably and the resort has a roof top pool). So if I wanted to vacation in Hawaii in a similar resort, for 10 years, it would cost $20,000, plus taxes and fees, and yet I pay $1,000 a year for it (the original cost was $6,000). The problem exists if I do NOT use it. Also, I have traded, at a cost of less than $100, to stay in places like / Heavenly at Lake Tahoe,/Princeville, Kauai, /Scotland,/ Palm Springs,/ Orlando, Florida/, and more. On the whole, it was a BAD purchase decided on by my ex-wife, who is Hawaiian. BUT, I have been able to find the silver lining and make the best of it. My ex pays 50% of the annual fee, so we have been able to stay on Waikiki Beach for an entire week for $500 in a very nice condo. The point I am making here, even when a poor decision is made, you can be creative and find ways to lessen the poor decision.

    • John C.

      Agreed. They are usually a terrible deal.

      We nearly bought a Wyndham Resorts time share a few years ago. The presentation was completely rigged with actors/salesmen playing the part of enthusiastic vacationers.

      The WiFi “kept going out,” preventing the salesman from showing fineprint.

      We signed anyway bc it was soooo cheap. And bc they gave us a dinner voucher lol. And, bc we had a 3 day grace period to annul the agreement.

      Well, we went back to our hotel room that night and read all the printed fine print. Sure enough, none of it matched what the salesman was saying. We cancelled the next morning.

      Despite the low purchase price, the yearly maintenance completely killed it. And it would’ve only gone up from there.

      We had gone back to the same couple vacation spots for 10 years in a row and figure it may be worth it to buy. But, shortly after that, we suddenly got sick of going to the same places. And it was just cheaper and less headache to rent a house once a year, if we wanted to go back to our usual spots.

      Recently, our good friends purchased a timeshare in Scotland for about $2000. Very cheap considering they went for about $10k only a few years ago. And, they can rent out their week for more than the yearly maintenance. But, it’s still not worth the investment I think. Too much headache for a tiny profit.

      The only thing that would maybe make it worthwhile is if we continued to vacation the way we did 10 years ago. But, our tastes have changed. And I’m sure our tastes will continue to change in the future.

    • NA Henson

      No, timeshare ownerships are never an investment. If purchased from the developer they have no re-sale value but for pennies on the dollar. They are never a good deal unless you by in the secondary market or ebay. If you buy in the secondary market into Marriott or Hyatt etc, the developer limits your ownership and you most often cannot use your points to book the parent company hotel rooms with your resale-points.

      This article is too simple and no developer sells fixed weeks. That was from “olden times”.

      Most resorts are on a points system which is fictitious and can easily be manipulated for value. The upside is that points based systems also allow you to break up your resort stay to different times and different resort destinations.

      However, TS units can be a great way to guarantee you have a place to stay at a high demand location. For example, if you have a destination you like to go to each and every year and it is not easy or it is very expensive to stay at the location when you want to stay TS ownership may be a good way to do so.

      We own three Snow Ski resort TS during peak prime winter ski weeks. One of those TS ownerships can be used prime summer weeks too. We own fractional ownership deeds, not points. Only one was bought from the resort’s developer on a new resort inside of Whistler BC village and bought expressly for New Year’s week every year. Christmas and New Year’s week in Whistler Village are the busiest times and hard to find a 2/2 with resort amenities for what we pay in annual dues. Impossible is more the term and this condo unit has paid for itself many times over. For any reason we could not get to Whistler we have rented our unit out within a couple of hours for more than our annual dues and still a bargain for the last minute guests. On the other TS units we own, we have rented or banked and traded our ski resort TS for other locations. Winter ski TS have a high demand and a higher exchange value for other non-ski areas. For example, on a typical lock off unit (think hotel room size) at our home resort we have exchanged the bedroom unit for much larger 2 and 3 bedroom condo units at Premier or Elite rated resorts in FL and CA, and MX.

      As baby boomers age out and their children do not use the TS units the secondary market and ebay are a great source of TS units. Just make sure you choose a prime week and a location you like to go to each and every year.

  2. Edward Briley

    Timeshares are for a vacation, and that is about all. Investing in a vacation is not a bad idea. I have a timeshare that I have owned for over 20 years now, and never have regretted it. The reason is that my parents owned a vacation home. When they passed, the entire family agreed to sell it, even though I was the only one that did all of the work on it, and my brother and sisters never used it. One of my sisters bought us out of it. – Oh happy day. The house is no in disrepair and even when they go, they sleep in a camper now. Matter of fact she offered to gift me an acre of land of land that the estate encompasses. I refused, because the taxes were not worth owning it. My parents bought it in 1980, and still to this day the property and house are still only worth what they paid for it. It is in the Virginia mountains.
    Now, what is my timeshare worth? I have a two bedroom lockout. I paid 20 grand for it in 1999. It is on the ocean, and my maintenance fee is $1150 per year, for the one week. With that being said, to find a comparable (not even comparable) the cost to stay a week in the area during the prime season is no less than $1400 and that is only for one room, not two.
    I pay nothing more than the maintenance fee. I have to do nothing when I go there. No grass to mow, no sheets or towels to wash, no painting, no cleaning when we leave etc… and best yet no yearly taxes to pay. Matter of fact there is no appliance replacement either. The Timeshare always looks in brand new condition or very close.
    Now the challenge is, that you find a place, that even after paying $20,000 20 years ago, in which you can rent an oceanfront place for $1,150 that sleeps 8 people.
    The advantages of owning a timeshare is pretty much priceless. If tug2.com was available in 1999 or I knew about it, I could have saved 20 grand. I didn’t, but I am one that does not regret the purchase. I paid it off within 5 years after I purchased it.
    The truth is, that vacation properties, unless it is very high dollar property, have not increased in value over the last 20 years. Matter of fact, I know of many that have lost value.
    With all of the above being said, buying a condo in a resort area may not be a bad deal, and you can make a profit from them, but I would advise you, to live within 30 minutes of it, because even with that, outsourcing labor can be expensive.

  3. Bryan Clement

    I will say, my in-laws have one, and it is definitely not an investment. However, their timeshare is through Hilton Hotels. I would highly suggest getting one through a large hotel chain if you do in fact get one, because they can be very flexible with where the points are used. In the last two years, my wife and I have gotten to go to Hawaii, NYC, and Boston. That said, agree it is definitely NOT an investment, but if you are looking for a cheap way to go on vacation every year, might be worth looking into!

  4. Katie Rogers

    “If you put the $10,000 that you would spend on a timeshare into a mutual fund with a 12 percent return,…” 12% is a very optimistic assumption. Retirement experts used to assume 8%, and lately they have been assuming 6%. Even 6% may prove to be on the high side because so many corporations have pulled future returns into the present by various means.

    • Kari Morlock

      It’s a great way to “own your vacations”. Just buy a points based system that is flexible so that you can trade in to any week based system resort via RCI and you own in perpetuity over a 40 yr Disney World timeshare. If you buy a points based timeshare it can be similar to owning your home vs renting your home. Of course there are additional costs to own but eventually you pay it off and only have the cost to maintain it… just like a house. You’re not going to NOT BUY a home because eventually it will need a new roof. NOT all homes or timeshares are created equal. I have to wonder… has the person that wrote this article stayed in a timeshare, owned a timeshare, been to a timeshare sales presentation… The resources listed elude to a person who googled “timeshare” and found skeptical articles about timeshares for resources and that’s about as far as the “timeshare knowledge” appears to go.

      • Aminah Khan

        My husband and I bought a timeshare through Hyatt Vacation Club in 2005 and it has been great for out family. Hyatt uses a point system so even thought we purchased a certain week at the Sedona, Arizona resort, we can exchange points and stay at other Hyatt resorts until our points run out. Maintenance fees run about $1000 annually. We paid 15k for our timeshare and paid it off within a year. We gift other family and friends 2 to 3 day vacations at resorts. We plan out vacations during non-peak times so staying in carmel for 3 days can cost about 180 points. That leaves us with alot to play with for the rest of the year. Since we live in California we go to the Carmel and Tahoe resorts quite frequently. The properties are beautiful and well maintained.

  5. Chuck Kramer

    I have to disagree that all are not investments. There is at least one major exception to all of these objections – Disney Vacation Club (DVC). We agonized over it, analyzed the numbers, and bought in around 1999. It is a points-based system that you can use at any time and at almost any Disney resort, Disney cruise, or trade to RCI for use at other timeshares. Due to the popular demand, despite the fact that time has passed and the # of years left has decreased, the per-point value has consistently increased. In addition, from the very beginning, we use a service that rents out our points, essentially buying from us each year. Our ROI has consistently been around 10% annually, after maintenance fees and not including appreciation. It worked so well we more than doubled our holdings in 2005.

    In Orlando, there are a number of investors that watch the local government auctions for “foreclosed” DVC contracts. The can often be picked up for about $50-65/point and then rented out at $13/point. Subtract maintenance fees of somewhere in the area of $2-$5 per point depending on the “home resort” and that is still a pretty darn good return. I would be surprised if similar markets have not been created in the Anaheim and Honolulu areas where Disney has other DVC resorts.

    I would agree that this is an exception to the general rule and there are many timeshares not worth the paper they are written on. Let’s just all agree that almost every corner and variation of real estate has its niches where money can be made.

    • Alex Morstadt

      This is a fascinating topic – FCing on unwanted vacation club memberships. We hear the adds on the radio that “help” people get out of their contracts, Ive told my wife, they are just deeding the title over.

      I would be very interested in discussing all things Timeshare, exchanges, and getting them for a discount. I can swap with knowledge about note investing! Message me.

    • Minerva Thomas

      I own a timeshare at Orange Lake Resorts ( Holiday Inn) in Orlando Fl for over 13 years. It is a point-based system and from the beginning I have been exchanging the point through InterContinental Hotel Group (IHG) which own Holiday inn and they use it as a vacation bank . I can travel to any location all over the world where they have hotels. I can also use RCI under the same membership with IHG to any resort I choose. My contract is for 99 years LOL. Now that my daughter grow up I probably won’t use my points three or four time a year like I used to.

      Chuck Kramer said that you have been using a service that rent out your point. Can I have more information about that service please? I will probably be interested in doing the same
      Thanks in advance.

  6. Steve Vaughan

    Like anything, don’t pay retail.
    People pay companies to get rid of their timeshares. Find one where you take over somebody’s maintenance fee if a timeshare is what you want. No reason to buy one full price from a pushy salesperson.
    I also like the idea of buying points used at a discount/foreclosure auction. Don’t pay retail.

  7. Jerome Smith

    I have a timeshare. Bought on ebay. The upfront cost was around a thousand dollars and blood I pay 1200 in maintenance per two years period. Compared to booking a hotel room with full kitchen and multiple bedrooms and bathrooms, we probably end up paying less in maintenance fees and the upfront cost amortized over several years with the timeshare. I guess you can argue you can try to airbnb or vrbo it.

    I do not like the high pressures sales tactics they use every time we check in, though. And they nickel and dime. And getting rid of it several years from now also is a concern but the financial terms are reasonable in my opinion.

  8. Saffron Bright-Rawlings

    First I’d like to point out that the model of buying a fixed week in one location is so outdated I can’t even believe this article used it as the model. Timeshare for many years now has been a “points” system, wherein you own a fee simple title to a fixed location (ours is Waikiki Beach, Hawaii) but you trade your points to go anywhere in the world that the company or partner companies have available. We bought our first timeshare in 2007 from Wyndham, which in that year was partnered with RCI International. We bought the smallest package, which was less than the cost of a new (economy) car, and our maintenance fees were about $500 a year. The number of points we bought was enough to get us 2 or 3 tropical vacations a year with RCI, since their usage of available points was MUCH lower than Wyndham’s. We’ve never been to the resort we own at, simply because our idea of going to paradise does not include being in a large city. Since then, Wyndham bought out RCI and the point usage went up drastically, but we still don’t regret it, because we bought a second Wyndham property, also in Hawaii, which brought our maintenance up to about $1150 a year, but we paid $5 for the property (on Ebay) and $371 closing costs, nearly tripling our point availability. We’ve used our timeshare many times for “extra vacations,” which is a deal of about $200-$400 per week at very, very nice resorts in tropical destinations, plus we’ve traded our points for trips to Hawaii, Aruba, Mexico, and other tropical destinations. Our total outlay then for housing for a two week, 2 bedroom, 100+ square foot condo in beautiful resorts amounts to about $725 a week, You would not be able to stay at these resorts for that amount, especially in Hawaii. Not to mention that the reason we get 2 bedrooms is to travel with another couple, who pay for half of it, lowering our cost to less than $400 a week for lodging. It’s been totally worth it to us, and we get (especially after the crash in ’08) an average of 2-10 offers per month from timeshare resale companies trying to buy our timeshare. We love it and only would do it a little differently because we’ve since discovered another company that has an even better deal. When we retire and travel more we plan to buy more points to trade. We love our vacations and owning the timeshare has made our travels more luxurious and we have access to all the destinations we love.

  9. Whitney Hutten

    Great post! Timeshares (we have one) are definitely not a good wealth-building investment. However, we do use ours and travel to many places we probably won’t go… so it is an investment in something that we love doing. Would I do it all over again? Absolutely not! The one cool thing we’ve learned how to do is donate our week if we don’t use it in time (which is rare), but we feel really good about the tax write-off and helping other families out too.

  10. Cricket Jackson

    While buying a fixed week property is definitely not a good way to go, points based systems *can* be “investments”. We have a points based system purchased in 2003 that can be used to book any unit at close to 100 resorts with no transfer or booking fees. Knowing which resorts to book at and which times of year is the key. We rent out stays to family and friends and have our yearly maintenance fees covered, as well as money in our pockets on top of about 2 weeks time that we are able to stay in a 1 BR unit each year. While I wouldn’t purchase it as an investment, (because it will have little or no selling value) it is an income generator and has saved our family a significant amount of money while improving the quality of our vacations. Buying a vacation rental home is definitely on our list though, as it does have resale value.

  11. Paul Blakely

    The scariest part about a timeshare is you can’t just walk away from the yearly fees. If I buy any other piece of Real Estate it has a value that I can sell and if that does not work, I can just abandon it and walk away. Time Share is such a toxic investment that there is a whole industry of people just to try to get people out of their times share contract. If it had any sort of real value there would be no need for this timeshare contract cancelation service industry.

    “How Can You Get Out of a Timeshare? Let’s just say it’s a lot easier to get in than get out. A timeshare typically comes with perpetuity clauses, meaning it is yours forever. And after you die, it belongs to your heirs. On it goes until the sun burns out in 4 billion years, at which time the developer might let your heirs off the hook.”-Bill Fay

  12. Tom Phelan

    I agree that the author is dwelling in the past, perhaps decades ago.

    First of all you don’t have to sit at a Time Share (now called “Vacation Ownership”) to encounter a “pushy” salesperson. Just visit a car dealership or Fitness Center.

    Being frozen to one specific week a year is no longer the case nor is being attached to one specific location. Many of us would probably tire of visiting Hawaii twenty-years in a row, especially if the game Condo on the same island.

    “Time Shares” or “Vacation Ownerships”, whatever you prefer to call them have pluses and minuses.

    My main point is don’t sign up for something you can’t afford to fund.

    Present “Vacation Ownerships” holder and past “Time Share” Owner.

  13. Kari Morlock

    It’s a great way to “own your vacations”. Just buy a points based system that is flexible so that you can trade in to any week based system resort via RCI and you own in perpetuity over a 40 yr Disney World timeshare. If you buy a points based timeshare it can be similar to owning your home vs renting your home. Of course there are additional costs to own but eventually you pay it off and only have the cost to maintain it… just like a house. You’re not going to NOT BUY a home because eventually it will need a new roof. NOT all homes or timeshares are created equal. I have to wonder… has the person that wrote this article stayed in a timeshare, owned a timeshare, been to a timeshare sales presentation… The resources listed elude to a person who googled “timeshare” and found skeptical articles about timeshares for resources and that’s about as far as the “timeshare knowledge” appears to go.

  14. Kyle Josefiak

    UNIQUE PERSPECTIVE, FEEDBACK ENCOURAGED

    I read through a good number of comments and I don’t think I’ve seen anyone frame a timeshare how I’ve recently been thinking about my own opportunity.

    Quick background, I’m interested in purchasing a week, or two, at a very unique small beachfront resort I’ve been going to since I was born, ~30 years, where my parents have owned three consecutive weeks in March for those 30+ years. Single unit weeks run around $10-$15k and maintenance fees plus tax are ~$750 per week. My parents can also attest the fees stay pretty consistent with inflation, meaning they were $250 back in 1988 and now $750, so only increasing about $15 a year. If they ever don’t want to use their week(s) they have never had a problem renting it out or converting it to points through RCI. So bottom line, this place is always in high demand during the weeks they own, and when I’m looking to purchase a week(s). But that’s kind of beside my point/view on this topic.

    Most of the comments I’ve read say buying a timeshare is NOT an investment because it doesn’t give you a return, and many others also said it has poor resale value, if any. What I’m wondering is, wouldn’t you consider looking at ROI with a timeshare in a slightly different way than say a rental property with cash flow? Here’s what I’m thinking and what I’m very interested in hearing what other people think.

    Purchase Price: $10,000/one week
    Yearly Fees/Tax: $750/year per week
    Rental Cost: $2,000/one week

    Here’s where my different ROI math comes in…

    Yearly Vaca Cost (Timeshare Owner): $750/one week
    Yearly Vaca Cost (Standard Renter): $2,000/one week
    Savings (Timeshare Owner): ~$1,250
    Savings (Standard Renter): None

    ROI from being an owner would be 12.5% if I considered the money I’d be saving every single year after my initial investment of purchasing the week for $10k. Right? Then the week’s I’m interested in are in very high demand, reselling quickly and consistently around the same price, if I were to ever want to sell it down the road, which would be unlikely, so I shouldn’t have much trouble getting my original purchase price back out of it.

    I love this place, always have, always will, and my wife loves it just as much. We want to bring our kids there just as my parents did with me. Am I looking at this in the right way? As an actual investment?

  15. logan mckenzie

    Am I understanding the word “investments” incorrectly? Based on many of these posts I seem to see things differently. In my mind investments make you money. Even though some TSs can save you money when vacationing in hotspots for one or two weeks a year, where does the “investment” play into it? That’s seems more like putting money into emotion instead of growing your money. I don’t consider vacationing in cheaper areas an investment just because I would have spent more money in a more expensive place. It’s still an expense that doesn’t have a return.

  16. Chand Ramlakhan

    “If you put the $10,000 that you would spend on a timeshare into a mutual fund with a 12 percent return, you’d end up with over $30,000 after 10 years—even with no annual contributions. In 20 years, you’d have almost $100,000.” True, but think about all the vacations and good times you’ll be missing out on during those years! Having owned two time shares since 1995 I never considered them a financial investment but they were probably the best investment I ever made for my family. Some of the best memories my now grown up kids have are from the many vacations they’ve enjoyed over the past 25 years, I doubt any one of them would trade those times in so many different places for any money today. On many occasions we’ve been able to invite other family members and friends on vacations with us or even send them on their own vacations. With the many discounted travel options available today though, buying a time share may not be as worthwhile or comparable as as it was for us 25 years ago.

  17. Bill Hagan

    No offensive to Ms Yoon but she has delivered a semon on timesharing after only reading the first chapter of the book. More for info google Timesharing Today and Timeshare Users Group (TUG). Unfortunately many have fallen victim to the developers pressure sales and bought something they shouldn’t have. Savvy buyers purchase on the secondary market. After being exposed to timesharing I bought into a fixed week club based in Hawaii, the Royal Aloha Vacation Club (RAVC). Best vacation “investment” I’ve ever made. Over the years I purchased more weeks for a total of 14 weeks averaging about $1500 per week. This is for a 2 bdrm/2 ba condo with locations in Waikiki, Big Island (Hawaii), Maui, Lake Tahoe, Branson, Phoenix, Oregon coast and Marrabella, Spain. This club is member owned who elect the board of directors (each of whose resumes are quite impressive). Maintenance fees (which include a refurbishment fund) are under $1000 per week including Hawaii taxes and utility surcharges. Anyone out there find a better deal? I now winter in Hawaii for 8-14 weeks each year. As a seasoned buyer/user I have also bought 2 weeks in a one bdrm condo in Pacific Grove, CA and 1 week in a one bdrm classic TS on Nob Hill in SF. Each of those weeks cost me $1500 to buy in. Another 5 weeks or so I trade some of my RAVC weeks to stay at other timeshares in Calif through various exchange companies for $125-$150 per week/trade.
    I find the sales sharks to be discusting liars and enjoy sparing with them and then pocketing their “gift” for attending. In short I reccomend avoiding the for profit companies like Wyndham, Hilton, Marriott, etc. Do you reasearch and NEVER buy at a presendation!!! I’ve stayed at the Marriott Newport Coast resort (one of the countries premier TS) 4 or 5 times and shared the hot tube with members who paid $30,000 plus for one week of usage plus a maintenace fee of $1400-$1500 for that week. My cost- $1500 one time buy in to my club and less than $1000 in cost for said week. Is it an “investment”. For me, yes. It gets me a travel lifestyle I could never choose to afford otherwise.

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