Not every investment an aging relative can make is a wise one. For example, if an annuity plan doesn’t start paying out for twenty-five years, a senior citizen may wisely sit out that particular opportunity. Some people initially purchase a timeshare because they are sold on the concept of a timeshare as an investment over the long-term.
Because they have more disposable income than their younger peers, they are an attractive market segment for a timeshare company.
Sometimes a timeshare developer will advertise specials with very little lead time at a reduced rate with less than 14 days advanced noticed. Seniors are often attracted to these deals because they have more flexible schedules.
In most cases, you will not make any money buying a timeshare and will probably lose money on the deal. In fact, if you really want to find a vacation getaway that might appreciate, you’ll have to buy a resort condo or vacation home.
Interestingly, research has found that seniors often choose timeshares because they perceive them as being money-saving opportunities. However, research shows that because accommodation costs are pre-paid, interval owners tend to spend about 20% more per day on their holiday than other types of tourists.