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Re: Planet Hollywood towers in Las Vegas (by R P.):

cath, just my opinion, but I would never pay 62K or 70K for one week of timeshare. And, even if you could rent it out some years, how many years would it take to break even? You have to think of yearly maintenance fees? How much are they?

As I have said before, Vegas is beginning to be overly saturated with timeshare resorts, much like Orlando, and will be an easy trade in years to come, even Planet Hollywood. Also, once you sign on the dotted line with a developer, your timeshare purchase has immediately depreciated much like a new car. You will never get your money back on a developer bought timeshare.

Just because you saw a week listed on a timeshare sales site for 62K does not mean the week is worth or will ever sell for that. The asking price really means nothing. The market (buyer) sets the price of what they will pay for a given week, not the seller.

Before you lay down that much money I would research timesharing backwards and forwards and inside and out. 62K to 70K is a more than major purchase.

I'm giving you this advice so that in years to come, after you have paid 62 to 70K for one week of timeshare, that you won't have desperate regrets concerning this purchase. As an owner, you are still liable for the mortgage payment and the yearly maintenance fees until it is sold, and even after you die your heirs are then responsible.

The internet is full of such sad and tragic stories of owners regretting buying their timeshare week. Some owners can't even give their timeshare away or they take a substantial loss via resale.

Please don't buy this as an emotional purchase. Cool down and learn and educate yourself on timesharing.