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
scam is a bit extreme and in most cases untrue……unwise investment with more fees and rules for use than advertised is more accurate (ripoff).
“owning” a room at a resort sounds great, and can be sold to people with a little work……but people dont look at the details.
inconvenient dates for use; paying even when you dont use; increasing management fees; contracts that are extremely hard to exit. for most people finding a hotel when they need one is much better than paying for one every year wether it gets used or not
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