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Original Message:
Timeshares is good investment or not. (by Peter C.):
jayjay wrote:... What may have worked for you in the past will no longer work for you in the future as any type of travel, including timeshare travel, is in the tank. People are concentrating on the big 3 for survival (roof over head, food, transportation to work) not travel and/or renting/buying timeshares...
Just the opposite is true, although I suppose it is perspective. I own about 350 annual weeks right now and make a living at selling/renting. Granted, 2008 will not be a very good year, but I'm still making money and not losing. Didn't hurt that Jan-Mar 2008 was my best quarter ever before everything went chaotic. But I digress ... While this is a terrible time to sell your timeshare it is even more a fantastic time to buy. OK, a lot of people have better uses for their money. Even I am a bit tight on cash, but that's a little more due to the roughly $150,000 in maintenance I'm going to pay in January, not as easy to pay the big bill in advance as normal. That doesn't detract from the fact that if you buy good timeshares now for a third of what they were selling for a year ago, you will sell the unit (if you desire) in 1-3 years and make money on it even if you don't rent it for the maintenance. I've gone into closing on eight timeshares this month and if my stocks don't sink me I hope to buy 5-15 timeshares/mo until the prices rise.