this post was submitted on 08 Aug 2024
42 points (90.4% liked)
Asklemmy
43945 readers
1028 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The sales people are cons, but the idea has merit but not to make money. You're probably not going to rent it out for a profit.
Where it has merit is if you do the research and understand specifically that the concept can work for you, and take the timeshare off someone else in the secondary market it can save you a lot of money, but only in specific situations.
There are good and bad systems and locations. You want to optimize on those.
You also have to be someone who will go on week long trips multiple times a year and have a life that let's you either lock the dates in firm 9 months to 13 months out (depending on system) or can go in 30 days or less to what opens up last minute.
And you have to want to go to resort locations like Myrtle Beach, Orlando, Las Vegas, Smoky Mountains, Hawaii, Breckenridge, Branson, Williamsburg or California.
Oh, and you'll want to be ok with 3 star locations without daily maid service.
The upside is you can often stay in 2 bedroom suites with full kitchen and laundry with pools and hot tubs and arcades and mini golf in various amazing locations for about 1,800 dollars a week or less. Sometimes much less. If you're comparing 2 hotel rooms at today's prices that can be very cheap for 7 days. The average say Hampton Inn is close to 200 a night per room, so at the higher end of 1,800 you're still 1k less for the week.
And I've hit sales in the less demanding seasons for as little as $550 for the week. But of course if you're looking at Hawaii in season you might be at the higher end of 4k for a week cash, and technically the sky is the limit. This is where knowledge and planning comes in because you can pay for a week in say Florida for 1,600 every year, but trade that week with one that in Hawaii that goes for 4,000 much of the time. You just have to beat everyone else to the trade which is what the planning is for.
I am not a salesman just a so far happy "owner" going on a lot of trips this way by "sams clubbing" my vacations and paying ahead for some.
If you do want to learn realistic costs and nuts and bolts - tugbbs.com can teach you a lot for free.