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Need to know everything about how Time Shares work...

Need to know everything about how Time Shares work...

May 14th, 2004, 09:34 AM
  #21  
 
Join Date: Mar 2003
Posts: 140
GoTravel, I do not have a website. This information is from general conversations and from speaking with my uncle who is a financial advisor. It's not for everyone because each financial situation is different. This is going on and on and people will have to do the research themselves and look at their own big picture. It seems that the people who are bashing it don't "waste" money at all and do what's proper will all of their funds all of the time. My opinion is if one is not tithing to their church, they're wasting their money. Sorry GoTravel, I had to say that but our situation permits, we have money invested in real estate, mutual funds and a bank and no credit card debt.
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May 14th, 2004, 09:54 AM
  #22  
LN
 
Join Date: Jan 2003
Posts: 2,288
Hi Marmaduke

Seems that you're looking for information about HOW Timeshares work. It also seems that you've gotten a lot of advice from people who do NOT own a timeshare. It always amazes me how people can have such strong opinions on subjects that they have no knowledge of.

I did own a timeshare and it was through Interval International which is a very good organization. I chose my timeshare for its location - not for the idea of trading it for many varied locations. My family and I used our timeshare on Longboat Key Fl a number of times and also traded it and we never had any difficulty.

This timeshare purchase was researched well and was NOT purchased through any Developer/Salesman's offering of free dinner/motels/gasoline. I would never go to a timeshare offering such as that - you know in advance what you're getting there. Our unit was purchased from the owner.

The Timeshare Users Group (Tug) is an excellent source of good information for people who want to explore the possibility of timeshare ownership. They're all people like ourselves and most of them give good advice and are very pleased with their timeshares.

Getting timeshare ownership advice from people who have never owned a timeshare is like asking me about the benefits of owning a Harley. (Not that there's anything wrong with a Harley - I just don't happen to own one or have any knowledge of one)
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May 14th, 2004, 09:59 AM
  #23  
GoTravel
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I was just curious India. I really don't have an opinion of them one way or another.
 
May 14th, 2004, 10:04 AM
  #24  
 
Join Date: Mar 2003
Posts: 140
Good point LN. I had the same thoughts, many many opinions, but no acual owners. Bashful started a thread titled ...Interval...and I asked them to give their opinions here.
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May 14th, 2004, 10:11 AM
  #25  
iceeu2
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BigRed...I surely hope your in-laws don't read what you wrote about time shares!
GoTravel....been to Calabash this week?
 
May 14th, 2004, 10:15 AM
  #26  
 
Join Date: Mar 2003
Posts: 140
iceeu2, you're not being fair in this field :+)
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May 14th, 2004, 10:47 AM
  #27  
iceeu2
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You are so bad, India! LOL
 
May 14th, 2004, 11:01 AM
  #28  
 
Join Date: Feb 2003
Posts: 298
Hi - I know timesharing is a very controversial subject! We take many vacations every year of all different types from 5* resorts to national park cabins to basic motels. We bought two timeshare weeks two years ago. I would not want to take all my vacations with my timeshares because it does limit you, but we love them! I think (my own personal experience and opinion only) that a timeshare should not be looked at as a financial investment but as an investment in quality vacations. We are so spoiled by staying in timeshares lately that we don't like to go back to the "ordinary" hotel rooms.

That being said - we are in our 50's, very flexible time wise. I think timesharing would be very difficult for anyone on the "school" schedules when everyone else wants to go.

Tug is great. Do your homework. Don't look at it as a money saver, but as a great experience. sue
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May 14th, 2004, 12:21 PM
  #29  
 
Join Date: Jan 2003
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Cook on vacation??? Yuck!Vacation means someone else makes the bed, cleans the bathroom and does the cooking. No TS for me.
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May 14th, 2004, 12:27 PM
  #30  
GoTravel
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icee, we were up in Little River yesterday afternoon at The Broken Spoke. The Blue Crab festival is in either Calabash or Little River. Getting ready to head out to Suck, Bang, and Blow.
 
May 14th, 2004, 12:34 PM
  #31  
iceeu2
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GoTravel...is The Broken Spoke on old Hwy. 9? Never heard of Suck, Bang and Blow...is it a bar? Sounds like our kind of place! Do any of the bikers shag?
 
May 14th, 2004, 12:41 PM
  #32  
GoTravel
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I can't remember if it is Highway 9 or Highway 90.

SBB is a biker bar on the south end of Myrtle Beach. It is in Murrells Inlet.

Yes, lots of bikers shag and I know everyone in our group shags. We're having a great time. I hate to leave tomorrow!
 
May 14th, 2004, 12:44 PM
  #33  
GoTravel
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Hit reply too soon. SSB is actually two bars about a half mile apart. One is a pretty run down place that is mostly outside. You can ride your bike inside the bar.

The other one is huge. The owners took an old Lowes and turned it into a biker bar.

Both have hundreds of vendors set up.

We also found a new bar in Myrtle Beach called Hog Wild. It is an upscale biker bar attached to a chi chi martini bar.

Bull riding is big this year. Go figure.
 
May 14th, 2004, 12:50 PM
  #34  
 
Join Date: May 2003
Posts: 31
BigRed,
you were quite rude in posting what you did...We are definately not suckers and can do math - I analyze financial statements & my husband is an investment advisor. We own a deeded timeshare that we bought about 10 yrs. ago for approx. $300 from a friend - 1st week in Feb. in Tenn. Annual maint. is $315. We have never been to our 'home' resort - always trade for other ones & different weeks. We didn't buy it as an investment, but as a cheap way to travel to some great resorts. We've never had a problem going anywhere we've wanted to - St. Croix, Orlando area & Sedona, AZ to name a few. As others have said, you have to do your homework & buy resale
case is offline  
May 14th, 2004, 01:42 PM
  #35  
 
Join Date: Apr 2003
Posts: 1,126
dunno. the in-laws love it. they bought a 2 bedroom timeshare in aruba. their friends bought the next week. so they go for 2 weeks. loved it so much, that 5 years ago they each bought one more week. now they are gone for a month. for retirees who want to stay put in a warm climate for a month and not move to florida or worry about upkeep on a 2nd home, it's a beautiful thing. to each his own. i mean, i would never buy a used car because i think that is a rip-off, but i won't judge you for buying one.
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Jul 19th, 2004, 06:10 AM
  #36  
 
Join Date: Jan 2003
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ttt
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Jul 19th, 2004, 10:32 AM
  #37  
 
Join Date: May 2003
Posts: 1,084
Bugswife comments were the most interesting of all: anyone who buys a used car is getting ripped off. Funny, that's how I feel about anyonw who buys a new car.

To each his own!
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