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Re: Who is still buying timeshare in 2024? (by Nathan D.):

It's kind of complicated. But I'll try to break it down into 3 rules we use.

1. Only buy at a resort that you want to visit year after year. 2. Only buy secondhand. Not from the resort, but from a site like Redweek. 3. Only buy weeks.

I'll give you our scenario. We purchased (secondhand) Marriott's Newport Coast Villas years ago for $3500. Dues were about $750 at the time but are now $1600 so I will use current rates. Let's say we are using a fraction of the $3500 initial investment, say $200 plus the yearly dues of $1600. So essentially we are paying $1800 per week for our stay. A week at a hotel (one room and 1 or 2 beds) is around $350-$400 per night plus tax, resort fees, and parking adding up to well over $2700 per week. If we don't use our week we sell it for slightly over the maintenance costs. Run the numbers and you will understand. Most important factor is to not pay the crazy prices the resort tries to get you to pay.