As summer approaches more people start to think of warm tempatures, less clothing than we're forced to wear now, and of course VACA!!!!! Families, Girls/ Guys Trip and/or a lot of singles mingle in places like Miami, FL, LasVegas, NV, and the more far away lands like Dominican Republic and Cozumel Mexico.
Though those who plan smart can find some great deals on air fare and hotel stays, you always have those who dont have to worry about stay accomodations because they own a time share. Ever went on vacation and jjust when your heading out to enjoy the sights you get stopped by a sales rep inviting you to the lobbies conference room to join a presentation?? You politely tell them "No thank you" but then get offered free tickets to some great attraction or offers for free vacations. We know, who could resist especially when your getting something free just to listen and not necessarily buy.
What does a time share consist of exactly??!! Is owning one really that beneficial financially??!! Well thats what we would like to break down for you to decipher if your better off just renting hotels and here's what we found:
Affordability
A beachfront luxury condominium in the Bahamas can cost hundreds of thousands of dollars. A one-week timeshare at the same property can cost $14,000 with a $500 yearly maintenance fee. Thus, the average Joe can finally afford to visit the same tropical paradise year after year. Additionally, he can rent unused weeks out to other visitors, affording him income from his vacation property.
Exchanges
Tired of traveling to the same location year after year? With timeshares, you may be able to exchange your purchased stay for one in a different location. Many timeshare companies own properties around the world, all of which can be booked on the same terms as the owned timeshare. For example, if you own a week’s timeshare in a Jamaican property, you can trade it for a week in Europe or Asia. Exchanges are easiest to arrange when you have a desirable week and timeshare location.
Homelike Accommodations
A timeshare condo is just like a regular residence. It contains, at minimum, a bedroom, bath, kitchen and living room. So you have all the conveniences of home, including cooking your own meals if you want to save more money. If you have more than one bedroom, or even a sleeper sofa, you can invite friends over and put them up for free. Contrast this with a hotel stay, where you have to eat out for every meal and additional guests must pay for their own rooms.
Promises
Timeshare sales can involve putting you up for a weekend at a resort where you’re bombarded with multiple pitches by persistent sellers. Their promises may sound good, but you have no idea of their credibility, especially if the development is outside the United States and out of the reach of American protections and laws. You could be paying thousands of dollars for a scam.
No Appreciation
Real property can appreciate over time, especially in desirable vacation areas. Much of the cost of timeshares is taken up with advertising and marketing, leaving little actual investment in the development. The real value of your property is thus always far less than what you paid for it.
No resale
Actual property can take time to sell, even in strong resort markets. A timeshare property can prove impossible to sell because you’re competing with full owners, other timeshare resellers and new timeshare resorts in the area. Additionally, timeshare contracts may restrict sales by taking commissions on the price no matter who sells and exercising the right of first refusal.
Direct Supp Asst Trainee
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~in other news~
Mayor Bloomberg and Forest City Ratner Announce Plan to Fill 2,000 Jobs at New Barclays Center in Brooklyn Barclays Center and Partners Will Use City’s Workforce1 Services and Give Preference to NYCHA Residents | |||
Mayor Michael R. Bloomberg today joined Forest City Ratner Companies Chairman and CEO Bruce Ratner to announce a plan to fill approximately 2,000 jobs at the Barclays Center in Brooklyn using the City’s Workforce1 services. Priority hiring for the jobs, which will include full- and part-time positions, will be for residents of Brooklyn Community Boards 2, 3, 6 and 8, graduates of Brooklyn United for Innovative Local Development’s training program, and New York City Housing Authority residents of Ingersoll, Whitman, Farragut, Atlantic Terminal, Wyckoff Gardens, Warren Street, Lafayette Gardens and Gowanus Houses. Job fairs will be held in June, July and August in locations near the arena to fill the majority of the positions. Beginning next week, Forest City and Barclays Center partners, including AEG, which will assist in the management of operations for the Barclays Center, and Levy Restaurants, which will oversee all food services, will meet with local community boards and elected officials to discuss hiring plans. The Mayor made the announcement at the Barclays Center construction site and also was joined by Borough President Marty Markowitz, Department of Small Business Services Commissioner Robert W. Walsh, New York City Housing Authority Chairman John Rhea, Brooklyn United for Innovative Local Development President James Caldwell and Charlene Nimmons, Executive Director of Public Housing Communities, Inc. |
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