The 8 "Nevers" of Timeshare

As much as we love timeshare, and we recommend timeshare to every family as it is a great way to travel, we also suggest to young people that they be very careful about buying timeshare. Several people have asked me to post this as a permanent part of our website, so here it is...

1. Never buy timeshare on-site (Always buy resale.)
2. Never buy timeshare outside of the USA.
3. Never buy timeshare without consulting an attorney.
4. Never buy timeshare without consulting a timeshare owner’s organization.
5. Never buy timeshare for more than 33% of the original asking price.
6. Never buy timeshare without finding out the financial status of the ownership company.
7. Never buy timeshare before you review the laws of the state in which you are buying. The laws in your state make no difference -- it is the laws in the state where the timeshare is located that matters.
8. Never buy timeshare unless you can pay CASH. Timeshare is an ultimate luxury, and ultimate luxuries are those things you can afford to pay cash for, and paying cash will not adversely affect your current or future financial situation.