TRYING TO GET OUT OF MEXICO TIMESHARE

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Original Message:

Re: TRYING TO GET OUT OF MEXICO TIMESHARE (by Gabriel C.):

It's already well-know that timeshare ownership purchased from the developer is NOT a good investment. Using the example, $2100 rental from $1500 maintenance fees garnishes $600. In order to just break even over the course of say, 50 years, you would have to had purchase this for less than ($600 x 50 years)=$30k. So in 50 years of renting, you would have broke even.

The sad part of this is that instead of buying that timeshare, if you had invested in a moderate stock fund, that initial $30k investment over 50 years with a modest 6% return during that time is worth $550,000 50 years later. Yes, do the math.

And this doesn't factor in the imminent increasing maintenance cost.

TIMESHARES ARE NOT INVESTMENT VEHICLES!!!!! Don't have anyone ever tell you that it is. Timeshares are only good deals if you're the developer selling them.