Why are Timeshares Horrible? | MHFI 276

Doug chats with both his dad and Chris Rusin about timeshares and each of their experiences with them.  They explore the aggressive sales tactics often used, financial pitfalls, hidden fees, the dubious resale market, harsh realities of escalating maintenance fees, and ultimately selling a timeshare.  They also highlight tactics for surviving timeshare presentations and explore how timeshares may fit into broader financial strategies.

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• Guitar Accessories
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Links

• Connect with Chris
  • Chris Rusin Music
  • Chris Rusin YouTube
  • Life Outside the Maze
• Chris Rusin on MHFI episode 020
• Chris Rusin on MHFI episode 273
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s new blog: Epic Financial Journey

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0:00 Introduction

2:43 A masterclass in sales

8:18 Analyzing the value of timeshares

15:14 Timeshare memories with Doug’s dad

21:10 The sales process

28:42 Maintenance fees & freebies

34:42 Getting rid of timeshares

41:31 Pros and cons

46:18 Opportunity cost of owning a timeshare

54:39 Soundcheck – Horseback riding