I never understood why anyone would want to own a timeshare. Renting a vacation spot is far more convenient.
I would agree mostly. Depends on the network you are in and where you might buy. Some timeshares you have to compete for a week by calling or being there one year ahead of time to book your week.
Others, you buy a specific unit for a specific week, you can either go or rent it out to cover your dues and you have a scheduled vacation every year, you own it so you can pass on to your children so they can go.
We bought 4 units in one place, one for us and one for each child, as they grow, marry have children, that week will be the time everyone has together with college friends, wife’s, husbands, children. It is just always there.
As a financial investment, no way.
Or just get ACORN and SEIU to help you break in and ‘occupy’ the place, based on your lack of paying any ‘mortgage’ payments.