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Timeshares not for profit

My wife and I own a timeshare in Me­x­ico. In less than five vacationswe would spend the equal cost of owning. What are average returns inthis industry?

Q. My wife and I own a timeshare in Me­x­ico. In less than five vacations we would spend the equal cost of owning. What are average returns in this industry?
— Thomas, North York

A.
Individuals sh­ould never purchase a timeshare as an investment. I should however, clarify this as, never purchase a timeshare with the intent of selling at a higher price.

I have yet to hear of a timeshare that has increa­sed over time. That in itself, does not make a timeshare a poor purchase. If your purchase was for enjoyment, then a timeshare can make good sense.

Food for thought: Don’t buy for a profit, without a few days’ cooling period, without consulting a law­yer, with a credit card, or under pressure to “sign now or lose the deal.”

 
 
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