By Alex Finkelstein, Real Estate Channel
My friend Pipuk maintains the timeshare sales market and even the re-sales market will eventually turn around when all of the real estate sector begins to rebound in 2010 and 2011.
I tell Pipuk that’s what he told me in 2007 and 2008 and the real estate market is still trying to find itself as 2009 winds down.
But my strongest argument to Pipuk is that the sale and acquisition of timeshare units should not be considered by any buyer as a real estate investment.
Timeshare units, in my humble opinion, are not real estate. They do not appreciate in value as the years roll by. They do not become more desirable as they age.
They are a lifestyle – a lifestyle that may well suit some buyers and not particularly interest others.