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Re: Timeshares is good investment or not. (by Richard S.):
Having been in the management and sales end of the "game" for what is now Wyndham Worldwide, for nearly 13 years, I can tell you beyond a shadow of a doubt, that as far as a good 'financia'l investment, there couldn't be a much worse place to put your money PERIOD !! If it manages to FORCE you to take desired vacations that you wouldn't take without it, then there is the ONLY benefit of owning ANY timeshare. As far as getting the "best bang for the buck", timeshare is a horrible way to go. With ALL the foreclosures in the timeshare world, there are countless GREAT DEALS available for a renter on Craigs List, Ebay, etc. I have owned Worldmark credits, have for over 12 years, and tried to exchange thru RCI for the past 7 years to go to Italy and Greece. HA. Virtually impossible to get any desirable locations in ALL OF EUROPE in September ( which is off season ) even with TWO YEAR NOTICE !!!! Got rid of my Worldmark crappets ( oops, credits ) and found two weeks immediately on Craigs List in Tuscany at a GORGEOUS B&B for $75 Euro/night, about $100 US. Then found another two weeks in Sorento and Amalfi on the southern coast of Italy for even less. AND THESE PLACES ARE GORGEOUS !!! Just desperate owners needing the cash to pay off their ridiculous maintenance fees. Personally, I hate renting anything BUT compared to the nightmare of owning timeshare with its never ending inflexibility and HIGH bottom line cost, its a blessing !!!!