Is a Timeshare a Good Investment?

mcherwood By mcherwood, 21st Jun 2013 | Follow this author | RSS Feed
Posted in Wikinut>Travel>Other

An investment in a timeshare has given me and my three children so much pleasure over the past nine years. Ownership will go into perpetuity which means that my grandchildren and beyond will be able to use my timeshare.

Is a Timeshare a Good Investment?

In 2004, I was on vacation in my favorite place, Myrtle Beach, and was approached at a nearby supermarket with an offer of a ticket to attend a lecture about Timeshare opportunities. The company presenting the lecture was Bluegreen, a fairly new Timeshare company at the time.

I was very impressed with the presentation and decided to invest in a Timeshare. This particular package specified that I could put the names of my three children on the deed which would allow them to use the Timeshare as easily as I could. Also, the contract would allow the ownership to go into perpetuity. In other words, it would be handed down to my grandchildren and great grandchildren, etc. I might add that the value of the timeshare has doubled since the time I purchased it.

I was leery at first to mention this purchase to my children, and rightly so, as one of my daughters replied "Oh, mother, don't you know that these companies prey on senior citizens? How could you?" I might add that this daughter now uses the timeshare more often than the rest of us. We laugh about it now.

Because I purchased the timeshare in Myrtle Beach does not mean that we are restricted to Myrtle Beach for our vacations. We can go anywhere we want for a week's worth of points that I purchased. Most of Bluegreen's resorts are on the ocean, but the company continues to buy new ones and now have many inland venues such as Las Vegas, Nevada; Branson, Missouri and Hershey, Pennsylvania.

My daughter, mentioned above, knows how to use the points to advantage. For instance, points used on weekends are more expensive than points used mid-week. Therefore, she uses our points for mid-week and purchases weekend time which is inexpensive and keeps our points for further use at another time. Also, the company offers Bonus Time and Last Minute Offers which might allow you to visit a resort for a week for possibly $200 or less. We often use Bonus Time for weekends which is also very inexpensive.

While on a vacation at a Bluegreen Resort, owners are always invited to listen to a lecture designed to update participants on new resorts that are available plus encouraging members to purchase additional points to add to their portfolio. For the owner's participation, Bluegreen provides a certificate for $50 or $100 to be used anywhere on the grounds plus a backpack, tee shirt, hat or other souvenir. I always attend the lecture which only takes part of a morning and is educational and profitable.

Bluegreen has over 50 resorts in their directory, and continues to add more yearly. In addition, the company has an exchange program with Resort Condominiums International (RCI) which permits Bluegreen owners to exchange points or buy inexpensive weekends or weeks with RCI which has thousands of sites throughout the world.

Using Bluegreen, our family has had wonderful vacations in Aruba; Hershey, Pennsylvania; Atlantic City, N.J.; Florida; Myrtle Beach and the Florida Keys. It has allowed us to have family reunions with our children who live in other states. RCI has also enabled us to visit the Berkshire Mountains, Florida, Canada and other venues at extremely low prices.

I know that Timeshares have a bad reputation in some circles and are not for everyone, but we have enjoyed ours so much that I would encourage you to reconsider if you have been hesitant to invest in this type of venture. I can only speak for Bluegreen which has given us so much pleasure over the past nine years.

Sources:

http://www.bluegreen-corp.com
Personal experience

Tags

Bluegreen, Bonus Time, Branson, Contract, Deed, Good Investment, Hershey, Las Vegas, Last Minute Offers, Myrtle Beach, Ocean, Package, Rci, Timeshare

Meet the author

author avatar mcherwood
I am a retired teacher/ administrator for the Buffalo School System. I hold a Ph.D. in Educational Administration.
I write book reviews, film reviews plus a large variety of topics.

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Comments

author avatar Nadine Henderson
7th Jan 2014 (#)

Well, the first thing we have to understand is that timeshares are not investments, but a purchase that requires lots of expenses a year. The thing is that the timeshares salespeople use rhetoric as a massive weapon, bombarding the potential victims with lies and practically pushing them into getting a property. http://www.timesharescam.com/

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author avatar Mia Thompson
29th Jan 2014 (#)

There are good timeshares out there, as well as there are people who feel happy about their timeshare purchases, especially those who enjoy to vacation at the same place and are not spontaneous travelers. Unfortunately, due to the big number of timeshare scams being committed against many vacationers, the industry has gained a terrible reputation. http://www.timesharescam.com/

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author avatar Lindsay Stewart
2nd May 2014 (#)

Buying a timeshare under the impresion you will save money on the long run on travel expenses such as airfare or cruises equals to being a victim of timeshare fraud. Timeshares will barely provide you a small discount on accomodations and that´s it. Timeshares will not provide you, in most cases, any discounts on your vacation expenses. http://www.timesharescam.com/

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author avatar Liliana Wong
7th May 2014 (#)

Timeshares need to be looked up as a purchase and not an investment. Regardless of how timeshares are presented, they don´t perform as well as a house or stock investment. If you look around the resale market for timeshares on websites like EBay, Redweek, or TUGBBS will find that you can buy a timeshare for far less money than what the first owner purchased it for. http://www.timesharescam.com/

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author avatar Denisse Smith
22nd May 2014 (#)

Timeshares need to be looked up as a purchase and not an investment. Regardless of how timeshares are presented, they don´t perform as well as a house or stock investment. If you look around the resale market for timeshares on websites like EBay, Redweek, or TUGBBS will find that you can buy a timeshare for far less money than what the first owner purchased it for. http://www.timesharescam.com/

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author avatar Kriz Carcamo
5th Jun 2014 (#)

Thousands of International travelers, particularly from the US and Canada, have fallen victims oftimeshare fraud while vacationing in Mexico. Resort developers hire skilled salesmen to represent their timeshares as many different attractive packages, such as financial investments, deeded properties, or vacation clubs, just to increase their sales. http://www.timesharescam.com/timeshare-complaints-resorts-black-list/2-villa-del-palmar-timeshare-complaints/

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author avatar Mary Thomas
26th Aug 2014 (#)

The timeshare industry has been into the lion’s mouth for the last couple of years, and it has generated lots of controversy and discussions in many forums and blogs on the web. However, since we’re living an economic downturn, anyone would expect that the timeshare sales collapse, but instead of that the sales seem to be increasing… but this comes with a trap: timeshare scams are increasing too. That leads us to the question: then, why keep people investing on timeshares? http://www.timesharescam.com/

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