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Does timeshare work for ANYBODY? There are some resort islands in Florida, some deep pocket vacation areas on the Gulf Coast where in the early 80s people actually would buy multiple weeks, sometimes up to three months of timeshare at $3000 a week. (I've actually met a few of these folks.) In the early 80s, that would be a $54,000 investment for a condo one only would need to use for three months. These people come back every year and stay at their timeshares the entire time.
Today, in these regions, a waterfront condo starts at half a million. There are Gulf front homes one one island starting at $22 million, easy. So yes, these timeshare owners did pretty well. And getting the same value in a rental starts at $200 a night. That's $1400 a week. A week they bought for $3000 back in the early 80s.
What if they wanted to sell? Well in these regions, the problem is the exact opposite. DEMAND for these timeshares is at an all time high, but nobody wants to sell. And a week that costed about $3000 in 1980 runs today an easy $85,000. I've seen the ads. There are timeshare brokers who knock down some serious commissions, based on their ability to find inventory to sell.
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