Where have all the timeshares gone? {Gadling}

Oct 1st 2009 9:03PM Well timeshares are coming to end partly because they are too expensive.

Let’s add up the cost of timeshare.

* Initial purchase price: $10,000

* Yearly maintenance fee: $800

* Exchange club membership: $100

* Cost of exchange: $100

* Points Program membership: $100

* Additional points: $50

* Total first year costs: $11,150

* Total yearly costs: $1,150


Now let’s do the equation again, adding in the additional yearly costs.

* Initial purchase price: $10,000

* Yearly maintenance fee: $800

* Exchange club membership: $100

* Cost of exchange: $100

* Points Program membership: $100

* Additional points: $50

* Travel Expenses: $500

* Potential investment Interest: $800

* Total first year costs: $12,450

* Total yearly costs: $2,450



With a timeshare you are sharing a property and you have to choose your weeks you want to stay. Usually you only get once chance.


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