An Honest View on Timeshares
2:30 AM
Alex Finkelstein, a Real Estate Channel journalist, believes that a timeshare property is not to be considered a real estate investment. He may not have specifically mentioned that timeshare owners should get rid of their timeshares but he was intent in pointing out that those who are thinking of buying a timeshare should not look at it as an investment.
Finkelstein posted a discussion on timeshares after a loyal reader of the Real Estate Channel goaded him into doing so. He may have had hesitations because of the number of supporters as well as critics of timeshares but he did as requested with the fact that the one who requested it was not actually inclined on a particular side. Pipuk, the avid reader, may be thinking that timeshares and timeshare resales will take a rebound after the whole real estate market but he is open to any of the views of Finkelstein.
So, Finkelstein pointed out that the current facts on timeshares and the resale market is not really good. The market shows that apart from the condos, the sales of timeshare in the residential market drastically suffered during the 22-month recession. The prices of timeshare resales, on the other hand, continued to plummet even up to 100 percent but they still do not have takers. That was how awful Finkelstein pictured out the timeshare industry. It clearly tells timeshare owners and those who are considering of buying a package that timeshares cannot be considered as an investment, especially not as a financial one.
Finkelstein posted a discussion on timeshares after a loyal reader of the Real Estate Channel goaded him into doing so. He may have had hesitations because of the number of supporters as well as critics of timeshares but he did as requested with the fact that the one who requested it was not actually inclined on a particular side. Pipuk, the avid reader, may be thinking that timeshares and timeshare resales will take a rebound after the whole real estate market but he is open to any of the views of Finkelstein.
So, Finkelstein pointed out that the current facts on timeshares and the resale market is not really good. The market shows that apart from the condos, the sales of timeshare in the residential market drastically suffered during the 22-month recession. The prices of timeshare resales, on the other hand, continued to plummet even up to 100 percent but they still do not have takers. That was how awful Finkelstein pictured out the timeshare industry. It clearly tells timeshare owners and those who are considering of buying a package that timeshares cannot be considered as an investment, especially not as a financial one.
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