Timeshares are upscale vacation and recreational properties that are simultaneously owned by multiple investors.
However, there is a catch. Each owner is contractually obligated to only visit and inhabit the timeshare for one week out of every year.
Timeshares also get a bad reputation due to the proliferation of industry scammers. They can be questionable as sustainable investments and are expensive to maintain. Most are sold in high-pressure situations to unwitting buyers on supposedly no-obligation junkets.
Owning a timeshare isn’t for everyone. If you’re considering buying one, here are some pros and cons of timeshares to consider: