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Re: Timeshares is good investment or not. (by Pat W.):
My answer is it's a bad investment, even if you get it at a great price. The only way it's good is if you invest in a place with low maintenance fees, because they are sure to go up, and up, and up. I'm sure this is a dumb question, but is there any legal stands that can be taken regarding the hikes on these maintenance fees, particularly with Diamond Resorts? Also, has anyone heard of a company in Arizona, supposedly a real estate company, that you don't have to pay upfront, but they will list your timeframe and if they sell it, then they will give you all but the fee required to sell it (minimal fee is $1200). I'm good with that if I can get from under the maintenance fees. Also, if you do decide that you can't pay the maintenance fees and just discontinue paying the fees (mine is every other year), however, if you decide to stop paying, will foreclosure be the punishment? I've heard that is truth however I'm not sure if I've seen that in writing. I'd hate for this timeshare to ruin my credit.