Disagree. Worthless in and of itself, or worthless if you wish to sell it? Did you buy it as an investment? What about this novel idea: if you purchased it to occupy and/or trade, and continue to do so for decades? Funny way to value a timeshare, imho.
That's what we purchased 16 years ago-----TIME with family at certain resorts during certain seasons. It's worked for us and we're still getting nothing less than what we bought. As the commercial says, "priceless" when we consider our kids' experiences and ours.
I have done something far worse with every vehicle. After a few years they are DEFINITELY worthless, and they cost far more than a timeshare week, but who complains? We ditch the vehicles and buy another one, and yet we don't compare cars with timeshares. Perhaps we should. Maybe, just maybe, we get our money's worth with both. I paid $70,000+ for my wife's Lexus and we're still driving it. I knew I couldn't sell it for more someday, quite the contrary. Is that much different?
I never once believed I was buying something with inherent value other than usage and enjoyment for my family. I would have been fooling myself otherwise. What was promised, I'm still getting, and still loving it. It's been a good ride with the timeshares too, and perhaps it's even better. We have VERY positive cash flow if we rent out the timeshares now... why would I wish to sell them???
