Do you know anything about time shares?
 

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 :)

Imagine having a mortgage for nothing tangible, you literally own nothing and on top of that you probably have a maintenance fee of $1400 per year too. Stop thinking about it.

Time shares are for suckers.

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).

When 2 Dindu's take a Movado and saw it in half cause they each can't afford their own Movado=Time Share :2 cents:

Only drunk vacationers buy time shares.

A free timeshare still cost to much in maintenance fees.
6 things to know before you buy a timeshare - MarketWatch

Time shares are a scam. Do not do it.

Any situation where the peddler is giving you the hard sell is an indication of a problem.

Best advice.

You also have the option of buying someones points/time on the secondary market too.

I would rather VRBO

Alright asked and Answered.
Thanks Gfy

Yup, I know someone who inherited one. Even for free it's not worth it.

I sold Time shares for 14 years. I made a killing. Sold them at the retail. what Nalm says is true. The secondary market is the best place to buy them. Google resales timeshare. You can and will save a ton. Yes you do have a maintenance fee. I use to buy them on the side for near nothing. Lot of times I get just for taking over the maintenance fee. Then resale them myself. Bottom line, they are great if you get a hot location, good time of the year, own a fix week, and not a float week. Your buying a condo to stay in. Lol..But you can also rent them from the owners for the maintenance fee. The avg maintenance is around $400-$500. That is usually cheaper then a hotel for the same 7 days. Just my :2 cents:

I stay in dumpy motels where you can drive your car right up to your door. I figure the cheap motels have about the same amount of jizz and puke in the carpet, comforter, and on the walls as the more expensive hotels so I am definitely getting my money's worth. Timeshares are for suckers.