Ever follow a rainbow, looking for the pot of gold at the end? Timeshare salespeople will guarantee you it is there. Given their often hours-long smoke and mirror show, their sometimes shady practices, maybe even a little alcohol, and you too might buy the map. You have to pay for the journey too and the pot of gold recovery tools, and leprechaun bait, but it would be worth it in the end, right? Probably not. Sorry folks, for many, timeshares are fools gold. X never marks the spot. It’s not all bad though–at least you get the as-beautiful-as-a-rainbow scenery around the timeshare resort! If that’s all you need to be happy, you’re in luck. But if you signed on for the investment, that jackpot at the end, you may be feeling a financial pinch very soon.
Before stricter regulation laws, timeshare developers used to sell people on the “investment” of their timeshares. “You can rent them out; you can sell them later; the maintenance fees are cheaper than buying a vacation outright each time.” And after all, you do get a deed—you are made to feel you own property, which in most people’s minds mean security, investment, and money. Well, it IS securely yours “in perpetuity,” meaning forever. But there’s no get-rich-quick here; it’s all downhill from the time you purchase So, the next time someone tries to convince you there is an upside to timeshares, remember how rare rainbows are, and how you never quite find the end.