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by PaulHoule 1767 days ago
It's hard to believe a timeshare can really compete with keeping the money and then spending it when you want at the resort or hotel you want to spend it at when you want to spend it.

"Just say no" seems to be the answer for me.

2 comments

I once stayed at a timeshare that a friend of mine had. I think, for her, it was maybe a forcing function to go there on a schedule. Earlier I was in a ski house which was nice but more bounded.

But personally I've never seen the attraction in a vacation house. Maybe it can be temporarily more cost effective but even if you have exclusive use of a room--which isn't the case with a traditional timeshare--I'm really skeptical that any potential savings are balanced by "Where do you want to go this month/year?"

One area we differ from a timeshare is an Ancana home is an investment in real estate. If the property increases in value, you capture the appreciation and if you decide to sell you make a profit.
People are finally realizing that's not a good reason to buy a house. If somebody wants to bet on real estate prices going up, shouldn't they just buy shares in a REIT?
It really only makes sense to bet on appreciation if you can leverage yourself into a property. I.E $200k down payment on a $1mm home means you’re making x% appreciation of the $1mm on a $200k cash investment…

Otherwise your best bet is just throw the money in a more liquid, synthetic vehicle like a REIT