Las Vegas, NV, December 8, 2009 — Rescission rates are at an all time high due not only to the economy but due to the fact that many timeshare owners are left without assistance and guidance on meeting their obligations.
Timeshare ownership is not economically viable for families with limited resources or family commitments.
It does however provide outstanding facilities and experiences for those financially able to meet the on going costs of real estate ownership. The bulk of today’s timeshare memberships include real property ownership with all the obligations that this entails. When the basic costs of maintaining their property, property taxes etc are met the real cost of an average timeshare ownership is around $100 to $150.00 per night of vacation time ($700-$1000.00 per vacation week!)
If a family is not spending at least $2000.00 per year on their accommodations (2 weeks vacations) there is little if any advantage to owning their vacations from a purely financial standpoint. The real benefit comes from the increased facilities and space that a timeshare villa affords compared to the average hotel room. The kitchen facility saves the average family an enormous amount on expensive restaurants; the privacy afforded the parents when the children have their own room can totally enhance the vacation experience. The uncertainty of not knowing what standard their vacation accommodations will be despite spending ever increasing amounts and in many cases saving all year for their much needed getaway is eliminated with ownership of any of the brand name timeshare or vacation club ownerships today!
In his new book “Timeshare… you bought What?” Dr. Shield pulls no punches and explains the many options available to an owner who may wish to sell or rent their unused membership. Those planning or involved in a career in the industry will get a better understanding of the product they are selling from Peter’s 20 years experience in the industry. The book is available on Amazon .com (ISBN 978-1-58909-652-3) or at http://picturethedifference.com – Dr. Shield’s other books may be seen at http://pjshield.com
Dr. Shield may be contacted at peterjshield(at)netzero(dot)com
# # #
Dr.Peter J. Shield PhD