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Our View of Timesharing

Links and discussions focused on "Timeshare Ownership", what a timeshare interest actually is and means, how it compares with other forms of shared ownership, valuation issues, and key concerns in the industry, such as companies offering to take money from you in dishonest ways (called "Scams" and "Stealing") are presented here.

In our view, Timesharing is the process of sharing use of a tangible asset among two or more parties. We believe contracts that define rights of use over small fractions of time (weeks or other intervals of time) are typically called timeshare interests. On the other hand, our view of contracts that define rights to use an asset over larger fractions of time than periods of one week or that stipulate a limit to the number users who have the right to use the defined asset are generally thought of as fractional interests.

Timeshare interests are usually rights to use rooms in a resort or hotel. Fractional ownerships can apply to all types of tangible assets.

The articles in this section will be written mostly by industry professionals, some of whom may be attorneys. All writings should not be relied upon as advice, legal or otherwise. Rather, think of them as conversations you may have with friends and fellow owners at the pool, at the dinner table or in some other casual setting.

We are not responsible for the accuracy of the content provided in this section or anywhere else on this website, for that matter. Nor can we be held responsible for decisions others may make based upon any or all information contained in this section or other sections on this website. Rather, think of the writings as food for thought on your path to learning whether the use of timeshare interests suits your needs, personality and financial capabilities.

One unfortunate sideline of Timesharing is exposure to Scams. The most frequent is called the Advance Fee Fraud. In this case, the seller is told by individuals who steel the indentity of legitimately licensed individuals and company names that they must send money before the transaction can proceed. You must listen to this recording of a California licensed real estate agent talking to a person who has stolen his identity to collect a commission on money received from unsuspecting sellers. Brett Jennings is the real name of the California agent.
Read the full account of this scam here.
Remember, these people do not feel they are doing anything wrong. Do not send money. Do not send any documents by the FAX. Do send documents by certified receipt requested if you do not believe us.

Conduct your own research. Use the YouGetSignal.com tools to find the owner of an email address, who owns a phone number, who owns a domain name and other cool stuff.

We hope you enjoy our view of Timesharing and will contribute as you can.

  • Scams and Possible Scams: - This section describes how others determined whether offers or solicitations are possible scams. Aimfair subscribers and others have contributed everything from comments to actual contracts that you can review. Remember: If it is too good to be true, then it is likely not true.

Timesharing

This section is devoted to displaying links to articles we have found that describe what timeshares are, how they are different from other forms of sharing ownership interests in assets and how the process works. Included are articles about Destination Clubs, Residence Clubs, Fractional Interests and other methods of gaining use of facilities without buying them outright.

Please do not hesitate to send us questions or comments if you feel the urge. Our email address is [email protected].

Articles are listed by the date published and are listed below:

Headlines of News about Shared Ownership appear below:

2022-06-06
Despite a seemingly desperate urge to scratch the wanderer itch, inflation is dampening many Americans' desire to revenge travel after two-plus years of COVID restrictions. Prices have gone through the roof on flights, car rentals, gas, and more. According to the American Automobile Association (AAA), hotel prices alone have increased about 39%, hitting a record high price.

Yet experts predict that Summer 2022 will be the busiest travel season ever.

Timeshare owners, though, can sit back and relax, knowing they won't be affected by inflation, because they paid for a lifetime of vacations up-front. It's also much easier for timeshare owners to make a reservation in contrast to making a reservation at hotels.

A hotel stay is, on average, about $137-$172 per night, as reported by AAA. So for an entire week's vacation, a family of four will spend about $1,200 just on a hotel reservation. And the price in most vacation spots has increased thanks to inflation.

Timeshare owners that purchased vacation ownership in 2011 at $18,400 have almost broken even by now. Besides the initial up-front cost, owners only pay annual maintenance fees, which are $1,120 per year on average, according to the American Resort Development Association (ARDA).

Disney Vacation Club (DVC) is another example of a timeshare brand that has soared in price for non-members. Walt Disney World Resort vacationers are currently looking at spending $700 per night at a branded Disney hotel on the property. Meanwhile, owners that purchased DVC points at the original DVC property in 1991 originally paid $48-$51 per point.

That's around $7,650 for 150 points, which covers two weeks in a Deluxe Studio at Disney's Old Key West now. A DVC owner has more than broken even on their points' purchase and is basically paying the same rate of a Disney hotel now that they paid back in 1991.

Inflation has affected other travel expenses, not only hotels. According to recent research by digital advertising platform Cardlytics, consumer spending with a year-over-year increase of 99% among airlines, 110% in amusement parks, 345% cruise lines, and 83% among travel aggregators and agencies. However, timeshare owners have been able to at least save money without needing to book a hotel.

Recent research found that 66% of the time, someone who booked a hotel room 15 days before their stay, instead of four months in advance, saved money. However, it is a gamble to wait until nearly the last minute to book a hotel reservation due to inflation. Certain clubs and resorts offer last-minute getaways that timeshare owners can easily book at steeper discounts.

What is a Timeshare?
Timeshares are an alternative to purchasing a second vacation home. They allow the security of having a second destination to visit without the large purchase of a house that most families will only stay for a small part of the year and need to maintain on their own. Timeshares started as fixed week timeshares. Today, the industry has revolutionized to include floating weeks, fractional ownership, points-based, biennial, etc.

Units at timeshare resorts have more space than a traditional hotel, with fully-equipped kitchens and private bedrooms for maximum comfort. Timeshare owners are not only paying less than the average traveler, but they also have extra amenities.

These can include a washer/dryer, housekeeping, concierge, on-site staff, pools, spas, fitness centers, and events and activities. ARDA estimates that the average size of a timeshare unit is 1030 square feet, which is larger than an average apartment. 61% of those units are also two bedrooms.

With extraordinary amenities and spacious units, it's proven that timeshares cost tens of thousands of dollars less on vacations over a lifetime than hotels or vacation home rentals.

There are over 1500 timeshare resorts in the United States, with over 270,000 units. Top hospitality companies such as Marriott, Hilton, Wyndham, and even Disney have timeshare resorts in all corners of the world, making it easy for their owners to travel to almost any destination, especially with an exchange membership.

In addition, vacation exchange platforms such as RCI or Interval International allow timeshare owners to trade their weeks or points for thousands of other resort and hotel offerings. With savings over a lifetime of vacations, flexibility, and hundreds of vacation options, it's no surprise that 87% of all owners rate their timeshare experience as excellent, very good, or good.

Owning a timeshare secures owners a place to stay on vacation year after year with no change in cost. There's no worry about the rise in hotel room prices, offering security against inflation in the future.


2022-06-04 Timeshares are increasing in popularity. Marketing reports are predicting substantial growth in the sale of Timeshare interests over the next three to four years. At Vidanta, we own "Right to Use Contracts", which the author explains are leases of real estate for a fixed number of years during which the developer retains ownership of the property. Many Vidanta timeshare owners maintain they own "Fractional Interests" through their right to use contract. As the author explains, that is not possible, since all right to use contracts are essentially leases with no ownership rights to the underlying real estate.

This is a short read, and it provides an understandable explanation of timeshares, what to look for and what you need to think about before making a large financial commitment. Enjoy!


Timeshare pros and cons



If you love traveling but a second home is not in your budget, then purchasing a timeshare might be the right move for you. But as the Latin phrase “caveat emptor” translates — let the buyer beware. With due diligence and research, owning a timeshare can provide an affordable way to make happy memories. Yet conversely, beware of scams. These eight tips can help you decide if a timeshare is right for you:

1. Timeshare options
A timeshare is a form of fractional real estate ownership where you purchase the use of a specified housing unit for a set period. You can purchase a fixed week (same property, same week every year), floating week (varied times annually subject to advance reservations), points (more flexible with use based on accumulated points), or right-to-use (lease a property for a given time annually for a set period of years, but developer retains ownership.)

2. Travel flexibility
Many timeshares can be exchanged in RCI.com (one of the largest international timeshare membership associations) and used to travel worldwide. If you can’t use your timeshare in a certain year, you can “bank” your weeks or points and use them in a following year or rent out your unit.

3. No maintenance
You have no maintenance involved with your timeshare vacation. Yearly maintenance fees cover all maintenance and most timeshares come fully equipped with pots, pans, towels and appliances. Resorts are rated by age, offerings and location. Some full-service resorts offer amazing amenities which can include pools, golf courses, restaurants and even waterparks.

4. Pass it on
You can (except for right-to-use where you only obtain a lease) deed your timeshare to your children or others. They must pay all taxes and maintenance fees, but this can be a nice gift to pass along.

5. Buy with cash and save
To buy a timeshare you can finance with developer financing, bank financing, or cash. Developer or bank financing are for shorter terms than for home financing. If you offer to pay in cash, you can often negotiate a better deal on your purchase.

6. Timeshares are emotional purchases
Buying a timeshare is an emotional decision. If you realize this, you will not be as vulnerable to high pressure salespeople. No matter how attractive the offer, walk away if you feel pressured or “guilted” into purchasing, or if the numbers just don’t work for you.

7. Hard to sell
Because timeshares do not appreciate like single family homes, they are poor investments. If you need to resell your timeshare it will be at a steep discount. (My wife and I went to one resort and were offered a package for $27,000. Upon leaving the resort without purchasing, we stopped at a resale office outside of the resort and bought a similar package for only $5,000!)


8. How to get the best buy
If you decide to purchase a timeshare, here’s how to get the best buy. There are three options to purchase while onsite. The salesperson will present you a full retail offer. If you decline this, a manager be called over and will share a recent list of inventories bought back from owners at a substantial discount. Skip this offer and you will be escorted to the final “closer,” where you will be asked to complete a brief survey on your visit. This person will offer you a final bargain priced unit to purchase. At this point you can take this offer or try to negotiate. This is where the best deals are made onsite.

Traveling with a timeshare can offer some phenomenal vacation options. It may be the nudge you need to take a yearly vacation and build family memories. Do your research and make the decision that works best for you.

Reen Waterman is a freelance writer and newspaper columnist with his weekly column “About the House.” He writes and co-hosts a daily radio program heard in 91 countries at www.YourRefreshedLife.com. An avid outdoorsman, Waterman is a member of the Outdoor Writers Association of America and the American Writers and Artists Institute.
The takeaway is timeshare ownership evolves from an emotional attachment to the resort being split into timeshare interests. Timeshares involve small usage rights relative to outright ownership. Costs, responsibilities and other factors must be taken into consideration when determining whether to purchase a Timeshare. Look at the decision through the cold light of day.


2022-03-25 Buyer’s remorse is common after purchasing a timeshare contract. This Market Watch article points out differences between contracts and provides insight to being careful at the time of purchase..~~))





































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If you have something you wish to share, then please feel free to pass it along to us through infoaboutus[email protected].
Timeshares present themselves in many different ways, and it is important to understand the contracts before entering into them. That said, they are great alternatives under the right circumstances! Enjoy!
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