Why are timeshares generally considered a “scam” or “rip-off”?
Do any legitimate timeshares exist where the deal works as advertised?
Generally, Timeshares are talked about in the context of a joke and are rarely taken seriously, but they must have been, or at least to appear to have been, viewed and taken more seriously at some point.
In: Economics
Whether it’s a “scam” depends entirely on the price. If you can get a timeshare for a high quality location and you’re paying seventeen cents a month, obviously it’s not a scam, you are getting a lot of value per dollar. It’s a hell of a lot cheaper than renting a hotel or an Airbnb or whatever.
The issue is that in reality, the prices are *usually* high enough that you’re not actually saving money compared to alternatives, and often losing money, especially when you consider the indirect costs like schedule limitations.
Latest Answers