[quote=AN]Timeshare drastically decrease in price in resale market, so if you really want to get a timeshare, resale is definitely the way to go. If you like to return to the same place every year and you have a lot of time to travel, then it might make sense. Personally, I would much rather just buy investment properties in those places if I really want to return to the same place. However, I tend to prefer traveling to new places, so timeshare won’t make much sense for me.[/quote]
I agree with either buying investment properties in those places vs. a time share. The wildcard is having an excellent property manager which makes all the difference in the world.
Personally I prefer doing home exchanges. They work beautifully if you already own a property in a desirable tourist destination. You can go to sites like http://www.homeexchange.com and arrange swaps all over the world.
I’ve done over 40 swaps over the years just using one of my vacation properties and been to some great places and the cities we especially love we have made friendships with the owners so we go every year.
I’m sure there are probably some instances where timeshares work and ROI also works well but as mentioned, I’ve just seen too many nightmare scenarios with assessments to want to get involved with them.
