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Personal Finances / Buying or Selling a Home


Subject:  Re: Time Shares Date:  10/16/1999  10:28 PM
Author:  JABoa Number:  6364 of 129119

I have friends who have a time share (in Aruba!), and my sister has one too. Neither thinks of it as an investment. What you get is an apartment to vacation in, for about the same price as a smaller hotel room. Your risk is that management will be shoddy.

I personally wouldn't do it, because there is only one of me and the hotel room will do just fine. If I had a family, I might well change my mind in order to have more space, a kitchen, and so on.

I don't think taxes enter into it. You are talking about a capital cost of something like $20,000 (just my guess) and the interest and taxes on a mortgage for that amount aren't much. (Not to belittle those to whom $20,000 is a big deal, but for those contemplating buying a time share, it isn't.)
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