Original Message:
I have a question about timeshare ownership vs vacation property ownership (by B S.):
jurih wrote:(A) Vacation Ownership is a larger basket of Products covering a spectrum from Rentals to Whole Ownership. Timeshare is one of the major components of VO. Even in a mature market like US, TS still forms a very large chunk of the VO Industry. Over time, TS has become a popular terminology to represent the VO Industry. In India TS is not generally owned and the majority of TS Owners have a right to use (say One Week in a year) as against mature markets where it may be Deeded (or Owned). Having a TS has several advantages: a basket of Resorts around the world to choose your vacation - a unique facility provided by Exchange Companies as RCI. Scams are not native to TS. They occur in all Industries from time to time. The consumers have to be discerning in their selection of the Resort Company while making their purchases. TS offers an inflation proof vacation option for the entire family spread over 25 / 30 years and is easilky transerable. In the net sum TS if correctly chosen can provide a secure, enjoyable and cost effective vacation to the entire family for may years. In India TS is in a development and growth phase. All India Resort Development Association (AIRDA - www.airda.org) has been set up as a Self Regulatory Body to represent the interests of the Industry in India.Why do people prefer to purchase timeshares over actually owning their own place. I've never understood the fascination with timeshare when so many people get scammed repeatedly. Does it not make sense to just own the vacation property? Or does the annual maintenance and management of a second dwelling make it unattractive to own.Please help me figure it out.