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03-08-2016, 09:12 PM | #1 |
Confirmed User
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Join Date: Nov 2003
Location: Las Vegas Nv
Posts: 5,318
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Do you know anything about time shares?
I am going to be going back and forth between Las Vegas and Toronto Canada for
the next year or 2. It occurred to me that some of the Hotels here in Vegas like the Rio have time shares. The only thing I know about time shares is that the sales people are over the top aggressive. Other than that, is it a good idea ? I don't really even know how it works. I figured someone here may know. Please enlighten me
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03-08-2016, 09:37 PM | #2 |
Confirmed User
Join Date: Jul 2001
Location: az
Posts: 8,464
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Imagine having a mortgage for nothing tangible, you literally own nothing and on top of that you probably have a maintenance fee of $1400 per year too. Stop thinking about it.
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03-08-2016, 09:58 PM | #3 |
Geo Cities
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Join Date: Aug 2003
Location: North Captiva Island, Florida USA
Posts: 11,812
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Time shares are for suckers.
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03-08-2016, 10:32 PM | #4 | |
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Location: Where ever Delta flies
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Quote:
If you buy one or two weeks, do it on the secondary market. What was originally purchased for 14,000 to 20,000, can be purchased at a 90% discount. Just cover the escrow and transfer fees, and assume their overpriced yearly maintenance dues. There are plenty of folks who would almost pay you to relieve them of their financial burden. It's worth buying a timeshare under the above conditions - if - you consistently trade it for high end resorts, where the weekly stay would really cost you a heck of a lot more than what you pay on your own yearly dues. Las Vegas -> You can rent as a non owner a 2 bedroom condo within a timeshare resort for about 300 USD a week (taxes included).
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03-08-2016, 10:35 PM | #5 |
Confirmed Chicago Pimp
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Join Date: Aug 2004
Location: Chicago
Posts: 7,100
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When 2 Dindu's take a Movado and saw it in half cause they each can't afford their own Movado=Time Share
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03-08-2016, 11:37 PM | #6 |
working on my tan
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,152
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Only drunk vacationers buy time shares.
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03-08-2016, 11:54 PM | #7 |
Geo Cities
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Join Date: Aug 2003
Location: North Captiva Island, Florida USA
Posts: 11,812
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A free timeshare still cost to much in maintenance fees.
6 things to know before you buy a timeshare - MarketWatch
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03-09-2016, 07:07 AM | #8 |
Too lazy to set a custom title
Join Date: Dec 2006
Posts: 29,035
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Time shares are a scam. Do not do it.
Any situation where the peddler is giving you the hard sell is an indication of a problem.
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03-09-2016, 07:33 AM | #9 | |
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Location: FL - TN/NC
Posts: 5,211
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Quote:
You also have the option of buying someones points/time on the secondary market too. I would rather VRBO |
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03-09-2016, 08:24 AM | #10 |
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Location: Las Vegas Nv
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Alright asked and Answered.
Thanks Gfy
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03-09-2016, 08:36 AM | #11 |
frc
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Join Date: Jul 2003
Location: Bitcoin wallet
Posts: 4,663
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Yup, I know someone who inherited one. Even for free it's not worth it.
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03-09-2016, 09:02 AM | #12 | |
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Quote:
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03-09-2016, 09:54 AM | #13 |
Exploiting human weakness
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Join Date: Jan 2008
Location: next to a salmon stream
Posts: 6,378
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I stay in dumpy motels where you can drive your car right up to your door. I figure the cheap motels have about the same amount of jizz and puke in the carpet, comforter, and on the walls as the more expensive hotels so I am definitely getting my money's worth. Timeshares are for suckers.
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