Quote:
Originally Posted by mahoney
I am going to be going back and forth between Las Vegas and Toronto Canada for
the next year or 2. It occurred to me that some of the Hotels here in Vegas like the Rio have time shares. The only thing I know about time shares is that the sales people are over the top aggressive. Other than that, is it a good idea ? I don't really even know how it works. I figured someone here may know. Please enlighten me  |
If you buy one or two weeks, do it on the secondary market. What was originally purchased for 14,000 to 20,000, can be purchased at a 90% discount. Just cover the escrow and transfer fees, and assume their overpriced yearly maintenance dues. There are plenty of folks who would almost pay you to relieve them of their financial burden.
It's worth buying a timeshare under the above conditions - if - you consistently trade it for high end resorts, where the weekly stay would really cost you a heck of a lot more than what you pay on your own yearly dues.
Las Vegas -> You can rent as a non owner a 2 bedroom condo within a timeshare resort for about 300 USD a week (taxes included).