Three Reasons to Buy a Timeshare Now
Published
With the state of the Nations' economy, buying a timeshare is probably not most family's top priority, but maybe it should be. Here are three compelling reasons why now might be the perfect time to buy a timeshare:
1. Timeshare Resale Prices Will Never Be Lower
Sadly, many timeshare owners currently find themselves in a situation where they are both unable to use their weeks, and are in need of money for household expenses. This has led to highly desirable timeshares being placed on the market at prices far below market value, and while it might seem like these conditions could persist indefinitely, they won't. The demographics of the average American timeshare owner are such that he/she is fairly well insulated against economic downturns: The average age of recent buyers is 52, and the median income of all owners is $81,000. It is only in the most dire of circumstances that typical owners need to sell timeshare, and all indications are that the most dire circumstances are now behind us.
2. Inflation, Inflation, Inflation
While economists often disagree about approaches to fiscal policy, most seem to feel inflation is on the way. Of course, we don't need an economist's opinion to realize this; even a cursory knowledge of history will lead one to expect inflation soon. When it arrives, the cost of vacationing will go up, and while this won't stop Americans from taking vacations, many will be unable to take the same quality of vacations they do now. Buying a timeshare not only acts as a hedge against inflation, it protects the quality of the vacations you take.
Over time, timeshare maintenance fees have remained more or less immune to inflation, but that can't be depended on when making a decision to buy timeshare. Even if maintenance fees begin to rise at the same pace as hotel room rates, they will never come close to equaling them, as the starting points for both are so disparate.
3. Owning Timeshare Forces You to Vacation
This is one of the oldest, and most often quoted, reasons to buy a timeshare, and for good reason: It's true. There really is no excuse for not taking at least one weeks' vacation each year with your family. In other countries, less than 3 or 4 weeks' vacation every year would be unthinkable, but in America our hectic lifestyles can easily eclipse the desire to travel. When you own a timeshare, and have made your yearly maintenance fee payment, you are invested in taking a vacation, and therefore more likely to take one. By buying timeshare, you're making a financial commitment to plan and take a week off with your loved ones. What better reason for buying timeshare could there really be?