Are Timeshares A Good Investment Or A Scam?

Timeshares are often a puzzle for consumers and their advocates, which makes giving and receiving advice about them tricky. While timeshares are sometimes marketed like real estate investments or luxury vacation rentals, they don’t truly fit comfortably into either category, and the timeshare market itself is a totally unique animal with its own set of challenges, including a limited (and scam-saturated) resale market.

Why timeshares may seem appealing on the surface.

• Flexibility and the comfort of many timeshare units compared to hotels or home rentals.
• The predictability of having a set vacation time and destination, and even the fact that consumers can sometimes “get a good deal by purchasing a used timeshare from a current owner,”.

There are many drawbacks to a timeshare interest.

• High pressure sales tactics being a major one.
• Prevalence of timeshare resale scams, in which scammers target timeshare owners promising you a buyer.
• Timeshare maintenance fees, which tend to rise year to year, regardless of the rate of inflation making owners payments even higher.

Takeaway is that a timeshare is a vacation purchase not an investment.

If you have been left frustrated after realizing your timeshare was more expensive than led to believe, reach out to our team for options on cancelling your timeshare contract.

Led by Attorney Michael D. Finn with 50 years of experience, the Finn Law Group is a consumer protection firm specializing in timeshare law. Our lawyers understand vacation ownership as well as the many pitfalls of the secondary market of timeshare resales. If you feel you have been victimized by a timeshare company, contact our offices for a free consultation. Know your rights as a consumer and don’t hesitate to drop us a line with any questions or concerns.