Hi everyone. Thanks for watching. For the record, I do not own a timeshare nor am I advocating you buy one. I am aware of the issues with them (was once a Dave Ramsey fan, etc.). I myself was curious about how they are structured legally so I did some research and made this video.
Hi Jerry - Yes, I'm aware he's not a fan. I'm not sure I am either, but i was most interested in how they work from a legal / property view so I decided to investigate. Thanks for watching!
If u do not plan to travel multiple times a year or if u do not plan to rent out ur timeshare do not get one. U will hate it and bash it when it's very convenient. I have 2 one to rent and one for me and family to use when we vacation.
Biggest mistake I made in my life signing up for a timeshare. Please people don't make the same mistake as I did I came on here just to let people know that it's a big mistake
@@crystalxu4275 start complaining to them that you're not happy whit them. You need to build up completes first. Its still hard to get out but that's you're first step
@@crystalxu4275 im paying Wesley Financial Group less than the timeshare to get out. They told me it take up to a year and 18 months. I just started it not long ago
Timeshare were very popular in the 80s and 90s, before we had the internet to look for deals. They were especially popular for families, because you’re typically staying in condos with kitchens and multiple bedrooms. My parents own 10 weeks of timeshare, including Disney and Marriott. It’s a lot of work to book the dates you want and locations you want. There are many condos on Priceline and Hotwire now for about the same or lower than maintenance fees for a timeshare.
just curious, for all that effort and money wouldn't it be better to just make your living space better? why burn all that gas to go on ten weeks of vacation every year. that seems absurd. there is no way vacation is more fun than being home unless your home completely sucks.
@@MissRaznavacation is so much fun, I’m someone that likes to see new places and experience new things, I also don’t like to stay in one spot for too long so I’m always going somewhere, it’s just in my roaming nature. Being at home for too long makes me bored.
Surely it's just easier to look around in the area, and just rent a villa/apartment for the same week each year. Because that way you probably won't be dealing with a corporation, and you can build a rapport with the owner and maybe get discounted rates if you book regularly
I don't like an on going bill that I may or may not ever use. I like to on vacation & pay the bill in full when it's all over. Pay only what I 'actually use'. Plus, I don't like going to the same place over & over again.🏖
You clearly don't know how it works. Timeshare in the long run works out much better than hotels. With hotels you are getting hit with inflation. Why rent your hotel when you can own it for alot less
I stayed in a former family member's timeshare in Mexico. It was actually very nice and we had an enjoyable time. The only thing is we were highly encouraged to go to the free welcome breakfast which was an intense timeshare selling meeting. We stuck to our guns saying no, got our free breakfast and a discount to use on a local attraction. That part sucked. The rest of the resort was beautiful and the service was amazing. I know that's not everyone's experience though.
Great information explaining timeshares. They certainly can be a good way to travel for those that know how to use them. They take work and a lot of research to get the most value from them. Unfortunately many people buy them after sitting in on a 60 minute sales pitch and don't do the research needed to decide if it is the right product for them. Thanks for the thorough explanation about timeshares!
@@GatesontheGo Sadly the developers pray on the uninformed. Some find out in time to rescind their purchase, but many others do not. Resale is the best way to get into timeshare, and for pennies on the dollar!
Exactly! I heard people were either pressure or the sale pitch make it sounds so easy/aggressive that people thought it was right for them. There r TH-cam videos on how to survive timeshare sale pitch/presentation and how people are lured in.
Im here because of Dave Ramsey. Information is more powerful than money, and if a guy with the credibility of Dave says that this industry is BS, then you'd better learn their pitch in order to avoid getting scammed
While sitting through a timeshare sales presentation, lovely unit only 17K, I then googled the complex and found a similar unit for one dollar from a desperate seller..oh and do some quick math on the cost of maintenance fees over the years
If you can share, how much is the annual maintenance fee for that complex? I would understand if the unit was luxurious and everything about the unit is top modern edge technology and decoration, but for a regular unit...I would just book a cheap hotel for the night and be on my way. I am beginning to feel that timeshare is only for the “rich” middle class.
My thoughts on timeshares is that they are a scam, you will grow tired of going to the same place over and over, and you can’t go any time you want! If you want out of a timeshare, then good luck, you can’t give them away!
I am getting a time share for free. My fiance and I travel a lot and are getting it for a resort 2 hours from home. So we feel we would use it a lot. We can also use it at different locations.
You’ll be responsible for paying maintenance fees that usually add up to renting a week through websites. The main place we’ve seen our timeshare is worth it is ski resorts, but it’s hard to get the week you may want. You have to set timers to book exactly 10 months before, or whatever the rules are.
It's like renting a hotel room but you do it once and then are forced to do it forever, keep paying for it whenever you go use it or not, also fees, maintenance etc. Stack up and keep growing and you're stuck basically having money disapearing from your account for nothing. If one doesn't think it's a scam just show him or her how tons of people put their timeshares for sale for 1 dollar... And yet no ones buying lmao thankfully most people aren't that stupid when they have a chance of googlijg this stuff instead of being pressured at some sales pitch. If you ever go to a meeting of this sort, just remember.. Getting a hotel for a week once a year will cost you less. And you can travel around the world a week per year instead of being forced to go to this one specific place because you must pay for it lmao.
U did a little reading and research? Ha😆. You should never be educating people when you do “little” research. If u can tell us this much, give yourself some points you have done a lot of reading/research!
Hi everyone. Thanks for watching. For the record, I do not own a timeshare nor am I advocating you buy one. I am aware of the issues with them (was once a Dave Ramsey fan, etc.). I myself was curious about how they are structured legally so I did some research and made this video.
I'm just here because Dave Ramsey made a video roasting time shares and I had no idea what it was
Hi Jerry - Yes, I'm aware he's not a fan. I'm not sure I am either, but i was most interested in how they work from a legal / property view so I decided to investigate. Thanks for watching!
Loll same
Same
Lol literally just got done watching Dave ramseys video on this. Also why I'm here. Hahaha
If u do not plan to travel multiple times a year or if u do not plan to rent out ur timeshare do not get one. U will hate it and bash it when it's very convenient. I have 2 one to rent and one for me and family to use when we vacation.
Biggest mistake I made in my life signing up for a timeshare. Please people don't make the same mistake as I did I came on here just to let people know that it's a big mistake
What timeshare did you sign with?
big O How can I get out of my timeshare?
@@crystalxu4275 start complaining to them that you're not happy whit them. You need to build up completes first. Its still hard to get out but that's you're first step
big O thanks！so you Did get out your Timeshare?
@@crystalxu4275 im paying Wesley Financial Group less than the timeshare to get out. They told me it take up to a year and 18 months. I just started it not long ago
Sounds like an overly complicated way of someone making money off of a property
Do you mean from the developer's point of view?
Siege gang
Timeshare were very popular in the 80s and 90s, before we had the internet to look for deals. They were especially popular for families, because you’re typically staying in condos with kitchens and multiple bedrooms. My parents own 10 weeks of timeshare, including Disney and Marriott. It’s a lot of work to book the dates you want and locations you want. There are many condos on Priceline and Hotwire now for about the same or lower than maintenance fees for a timeshare.
just curious, for all that effort and money wouldn't it be better to just make your living space better? why burn all that gas to go on ten weeks of vacation every year. that seems absurd. there is no way vacation is more fun than being home unless your home completely sucks.
@@MissRaznavacation is so much fun, I’m someone that likes to see new places and experience new things, I also don’t like to stay in one spot for too long so I’m always going somewhere, it’s just in my roaming nature. Being at home for too long makes me bored.
Surely it's just easier to look around in the area, and just rent a villa/apartment for the same week each year. Because that way you probably won't be dealing with a corporation, and you can build a rapport with the owner and maybe get discounted rates if you book regularly
I don't like an on going bill that I may or may not ever use. I like to on vacation & pay the bill in full when it's all over. Pay only what I 'actually use'. Plus, I don't like going to the same place over & over again.🏖
Just book a hotel room and walk away with no obligation. Timeshares are a total scam.
You clearly don't know how it works. Timeshare in the long run works out much better than hotels. With hotels you are getting hit with inflation. Why rent your hotel when you can own it for alot less
Maintenance fees go up, as well.
or airbnb.. you won't be obligated to pay maintenance fees etc.
I stayed in a former family member's timeshare in Mexico. It was actually very nice and we had an enjoyable time. The only thing is we were highly encouraged to go to the free welcome breakfast which was an intense timeshare selling meeting. We stuck to our guns saying no, got our free breakfast and a discount to use on a local attraction. That part sucked. The rest of the resort was beautiful and the service was amazing. I know that's not everyone's experience though.
I’m trying t get it I don’t know how does work f Mexico
Great information explaining timeshares. They certainly can be a good way to travel for those that know how to use them. They take work and a lot of research to get the most value from them. Unfortunately many people buy them after sitting in on a 60 minute sales pitch and don't do the research needed to decide if it is the right product for them. Thanks for the thorough explanation about timeshares!
So true!
Yes! I wish more people knew about the resale market instead of being grifted by the developers.
@@GatesontheGo Sadly the developers pray on the uninformed. Some find out in time to rescind their purchase, but many others do not. Resale is the best way to get into timeshare, and for pennies on the dollar!
Exactly! I heard people were either pressure or the sale pitch make it sounds so easy/aggressive that people thought it was right for them. There r TH-cam videos on how to survive timeshare sale pitch/presentation and how people are lured in.
It’s legalized fraud
You endure the presentation and then you enjoy the free shit.
Im here because of Dave Ramsey. Information is more powerful than money, and if a guy with the credibility of Dave says that this industry is BS, then you'd better learn their pitch in order to avoid getting scammed
Very good analysis. Slight correction about 52nd shares. 52nd shares have 51 owners (1 week set aside for annual maintenance).
Ah, that's helpful. Thanks!
While sitting through a timeshare sales presentation, lovely unit only 17K, I then googled the complex and found a similar unit for one dollar from a desperate seller..oh and do some quick math on the cost of maintenance fees over the years
If you can share, how much is the annual maintenance fee for that complex?
I would understand if the unit was luxurious and everything about the unit is top modern edge technology and decoration, but for a regular unit...I would just book a cheap hotel for the night and be on my way. I am beginning to feel that timeshare is only for the “rich” middle class.
My thoughts on timeshares is that they are a scam, you will grow tired of going to the same place over and over, and you can’t go any time you want! If you want out of a timeshare, then good luck, you can’t give them away!
Hilton is a little different because you can use any of there hotels around the world 🌎
But you are right you can always pay to go to any hotel you want anytime you want to.
Here after jon olivers video about timeshare
I am here because dave ramsey hates them apparently
Me too! If not for Dave Ramsey I'd have never known what a timeshare was!
I actually I think Dave rant because they r biting his butt now.
@@alicea5 Nah, he’s been ranting on them for years and years. It’s nothing new.
Thank you
Thanks for the valuable information. 🙌
Thanks for watching Saksham
They have companies to get you out of timeshares. If you were interested in buying one here’s your sign.
Are you from Texas? I know the Alico building in that picture frame
Hi Jerardo - I am! Live in the DFW area and went to school in Waco. How about you?
@@ExploreInformed omg I went to AJMoore high school in waco!!! ( Found my lost cousin @explore informed!!!!
TSTC
@@ExploreInformed I was born and still live in Waco!
This sounds like rent with extra steps
Ha, fair point
Yes, renting with extra unnecessary steps. Just book a hotel for that time and when you done check out and go home, contract and paperwork free.
Your video really helped me to understand timeshare
Thanks for the feedback, and for watching!
Just curious, can you charge people to use your share of the timeshare?
You can rent it out
I am getting a time share for free. My fiance and I travel a lot and are getting it for a resort 2 hours from home. So we feel we would use it a lot. We can also use it at different locations.
Just be aware of the mandatory fees and some of the common challenges with selling / offloading
You’ll be responsible for paying maintenance fees that usually add up to renting a week through websites. The main place we’ve seen our timeshare is worth it is ski resorts, but it’s hard to get the week you may want. You have to set timers to book exactly 10 months before, or whatever the rules are.
You'll soon realize it's the worst decision you've ever made. It's something you can never get out of, and it's dept that's inherited.
@@accenttunebyellie we ended up not thank God
Nothing in life is for free
Last week tonight explaining/roasting timeshare. It contains a lot more that you need to know - th-cam.com/video/Bd2bbHoVQSM/w-d-xo.html
Is anyone trying get out timeshare?
Can any share any experience with me?
Guys, guys, guys! I just got an idea. Two words that could solve all our housing problems. Time share!
How would that work? You have a house 1 week a year
Timeshare is financial and emotional nightmare. Don’t get one under any circumstances.
It’s a scam , period.
Why not use airbnb instead?
Many people do. I'm not advocating for it and would never buy one. I was curious about the legal structure and how they function.
Sounds like a scam to me
I'll save y'all 9:01 .. It's a scam
Wdym
It's like renting a hotel room but you do it once and then are forced to do it forever, keep paying for it whenever you go use it or not, also fees, maintenance etc. Stack up and keep growing and you're stuck basically having money disapearing from your account for nothing. If one doesn't think it's a scam just show him or her how tons of people put their timeshares for sale for 1 dollar... And yet no ones buying lmao thankfully most people aren't that stupid when they have a chance of googlijg this stuff instead of being pressured at some sales pitch.
If you ever go to a meeting of this sort, just remember.. Getting a hotel for a week once a year will cost you less. And you can travel around the world a week per year instead of being forced to go to this one specific place because you must pay for it lmao.
Sounds like a great deal!
Can be for some people - just has to work with your lifestyle. Thanks for watching!
no
Your an idiot
@@breakfastinbath4017 you're* lol
Can u time share a major business like Disney or universal studios
Disney does have a timeshare unit I believe, or at least it's Disney branded.
is timeshares the same as tidelines
I’m not sure what you mean. Sorry!
Maintenance fees????
Thank you sir
timeshares seem like a scam immediately upon hearing about them
Thanks!
You bet!
You got got
I’m here to see what armie hammer second job actually is. First job is eating people.
Dave ramsey says timeshares are bullshit
And they are.
Deeded ownership
Leased ownership
Right to use
Fixed week ownership
Floating week
Exchanged points
People still buy these things.....LOL Funny and sad.
Scammers scammed
Sounds like a bunch of crap
What a waste of money to have timeshare! Only poor people buy timeshare.
I feel bad wen they offer this for deals and stil gotta say no lol
👍
U did a little reading and research? Ha😆. You should never be educating people when you do “little” research. If u can tell us this much, give yourself some points you have done a lot of reading/research!
Thanks for watching and providing feedback!
Work
smh this is so boring and i still dont understand
Hotels...
Time share is BS
Timeshares? Trash.
Sounds like a bunch of bull shit complicated scam.
.
A waste of money