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Re: Why Buy a Timeshare? (by Carvan A.):

Wow, how very depressing! Consider this. Give up your $5.00 per day Starbucks habit (or whatever your vice is) and save the $5 and once a year invest the $1,825 at 5% and in 30 years you will have $122,028 or even more if you consider the leap years during the 30 year period.

Actually, most who buy timeshares do not do so as an investment but for the vacations. The memories I have over the years vacationing with my children and now grandchildren are priceless and I know from observing the practice of others that I would not have had these vacations had I been required to find a suitable rental each year. To each his own. As for me, I prefer the priceless memories.

Bruce, you suggest the donation of a timeshare orginally costing $30,000 to a charity might yield you a $3,000 tax credit. I think you are confusing credits and deductions. A credit reduces your tax by an amount equal to 100% of the credit whereas a charitable deduction of $3,000 assuming a tax bracket of 35% reduces your tax bill by only $1,050.