Tags: time shares, vacation homes, vacation, personal finance.
I read a very interesting post on Personal Financial Advice's blog about parting with a time share.
I added a comment about the challenging psychological experience my wife and I had when we attended a time share seminar.
Although having a nice home-like place to rent in an exotic locale sounds very attractive, does paying 10-30 times the value of a property make sense? Does having your vacation options limited to a specifc group of properties (even with exchange programs) also make sense? What about timing restrictions - There are at least 10-26 other owners also hoping to use the property?
Perhaps renting someone else's house might be a more attractive way to spend a vacation (without the constant monthly expenditure and weak guarantee of liquidity)?
I recently heard of www.vrbo.com, where you can directly rent properties from other people? Frankly it sounds quite interesting. Has anyone tried it out? The couple I talked with this weekend, had a wonderful experience in Europe.
Have a great start to your week,
making our way