Can someone explain to me the whole time share thing and how they work? ?

Question

and also...give me a few good time share web sites

Answer 1

I have two timeshares and they have been perfect for our family vacations.  We bought a timeshare after a 90min. preview and paid about 14k for a 2 oceanfront 3 bedroom in Northern San Diego.  We have a seven day vacation every other year there.  The great thing about the condo is that once you unpack you have all the comforts of home only better.  The kitchen is fully equipped, the resort has activities planned for everyday of the vacation that you can do or go on your own. You can usually check out games/videos/books/ at no charge and most times there are activities and restaurants onsite.  Our children are grown and we dont use our resort much anymore but it was great for the last 10 years we have 2 resorts that we have put up for sale for only 5k each.  So the only bad thing is they dont hold their value but hey we have vacationed for 10 years.  I wouldnt buy new anymore knowing that you can get the same from buying from a resale for a fraction of the cost.  We own at Grand Pacific Resort, Carlsbad, CA and Coronado Beach Resort, San Diego, CA Both are Gold Crown (the best to own like 5star resort)  

Answer 2

They are a rip off....stay away.

Answer 3

Timeshare at its core is essentially a group of people sharing the cost of a vacation home.

The word "timeshare" has grown over the decades to include a wide variety of vacation products and plans. Also known as "vacation ownership" "holiday ownership" and "interval ownership" , its umbrella covers traditional deeded timeshare ownership, fractional ownership, private residence clubs, points clubs, and more. Some would even broaden the term further to include campground memberships and the " condo hotel" concept, in which a condo is purchased outright but the owner is only allowed to use it for a specific periods of time and it is rented by a hotel management company for the remainder of the time.

Regardless of how loosely or rigidly you choose to define the term, the basic premise of timeshare is simple. You and a group of other people share the purchase cost of a vacation accommodation, in increments of one week (or more) per year of use, thus guaranteeing your ability to use that accommodation during the period of time you choose, either for life or for a specified number of years. Accommodations range from hotel rooms to condos, from cabins to luxury houses and castles, from yachts and cruise ships to RVs and houseboats.Owning timeshare in the traditional sense means a condominium/villa/house/hotel unit, etc. is subdivided into 52 separate units of time (52 weeks in 1 year), and usually sold to a maximum of 51 owners (leaving one week each year closed down for annual renovations and/or maintenance). Each owner would own 1/51 of the unit. Each share repesents one week of vacation. Each owner is entitled to ownership rights and privileges of the shares that they purchased.

This system makes vacation home ownership possible for many people who cannot afford a second home or who otherwise would not be able to enjoy such resort facilities. It is important to remember that purchasing timeshare should never be viewed as a financial investment with the expectation of gaining a profit in either reselling it or renting it to someone else. Timeshare is an investment in lifestyle, in future holidays, in family time together, and when viewed that way it can be a good investment indeed.