How Timeshares and Clubs Work Timeshares
A timeshare is a single property you visit year after year. You purchase a time-sharing agreement, then pay maintenance fees. After all that, you own the right to vacation at the property during preset times, usually a week or two each year. Not only does the insane cost of owning a timeshare make it a complete rip- off (thanks to a boatload of hidden fees and restrictions), but the timeshare industry is also full of fraud and often uses unethical sales practices. Stay far away. Vacation Clubs A vacation club is a type of timeshare. But instead of paying to use a single property, like a traditional timeshare, you get access to multiple properties in multiple locations. Don’t be fooled though: Vacation clubs stink just as badly as timeshares since they also come with a ton of fees and restrictions. Travel Clubs Travel clubs are a type of vacation club. They have a lot of the same expenses and destinations, but members of a travel club vacation together. The company gets them group rates, so they usually pay less for memberships and fees than vacation club members. They limit where you can travel. A lot of vacation club companies make it sound like you can travel anywhere in the world using their plan, but it’s just not true. Sure, vacation clubs give you more options than a traditional timeshare, but you can only travel to locations where the vacation club company has a property. And even the biggest companies don’t have properties everywhere. The Risks of Vacation Clubs and Travel Clubs Timeshares, vacation clubs and travel clubs all sell people the idea of a fairy-tale vacation at a bargain price, but these “dream” vacations come with nightmarish problems. Here are some of the biggest: They’ve got restricted travel dates. Even though you technically “own” a timeshare or club membership after you buy it, you can’t use it whenever you want. That’s because you have to work around the other owners’ schedules and any blackout dates set in place by the timeshare company. No thanks.
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