People say you shouldn't buy timeshares. I'm not so sure. When I was a tween, my parents bought two. One in Snowbird, Utah — a ski resort packing some of the greatest snow on earth — the other smack dab on the beach in San Diego.
All these decades later, our family still uses them. In fact, according to my version of the story (the correct version, of course), Sam fell in love with me at Capri by the Sea — the time share condominium in California — when he came on a last minute jaunt with my family right after college finals. Three and a half months later, we were married.
Just a few years ago, my dad gave the Snowbird timeshare to me. (My brother and sister weren't interested.) Because I didn't make the original purchase, every year my family gets a week long stay in a two-story condo that sleeps 10, has two bathrooms, and a full kitchen and dining room, stocked with cooking supplies, for only a few hundred dollars. Bargain city.
The beach condo is a different story. In the past decade, our family has only used it twice. It's in higher demand — with the beach and all. But I'm pulling for the next June booking. It's note quite as nice. We are definitely due for some remodeling San Diego style.
The unit only sleeps six. And it's lone bathroom (ouch) could use a serious San Diego bathroom remodel. But it does have a decent kitchen, which can save a lot of money over eating out on vacation. And, yea, it has that beach view balcony thing going for it.
When my parents made the purchases, I was too young to be involved in giving financial tips. And they did very well on their own, thank you. But now I hear all sorts of complaints about timeshares, which were kind of a new-fangled vacation idea back in the day.
Would I recommend buying one now? Probably not. But if you can get one (or two) as we did, without having to pay the initial purchase fee and only paying the annual maintenance fees, you might find a great vacation bargain. We sure did.
wow, nice place!
It is a pity that timeshare is not popular at all in my country and we usually buy houses if we can afford, but we ahrdly ever stay there for some time.
I believe timeshare investments are filled with incredible benefits. Not only do you get to have time to stay in it, you also get to share it to friends should you be not available to use it. I wish we had the same investments as you had but I am sure to get one in the near future.
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My folks bought a timeshare in HI when I was young. It was great, but they rarely used it. Finding the time to go and purchasing the plane tickets was too much. I think they are nice, but only if the price is right. What would be great is if the whole family can go in together and cut the price way down, taking family vacations together. That would be a lot of quality memories to keep.
The place is really nice! Timeshare investments for me has a lot of benefits. Wishing I could also have the same investment as you did. It’s really useful.
I really find your blog interesting especially that I am a vacation lover. However, there are times that I cannot go to places that I would want to visit due to financial reasons. Your blog made me realize a lot of things and urged me to think about having a vacation this year.