Please choose the correct answer from the list below.

Q: A timeshare is:

a. A machine used primarily for going back to the days when one could play Paper Boy in the privacy of one's own home without a bunch of dudes in popped collars high-fiveing each other hitting on the waitress.
b. A form of vacation property ownership wherein multiple individuals share the economic responsibilities of ownership.
c. A Yankee swap involving only rare or unique clocks from exotic locations around the world.
d. All of the above.

A: The Answer

· Did you pick b? You're right! Timeshares are vacation properties, which are divided among multiple owners. Because their ownership is shared, the cost to each owner is significantly reduced while the amenities and services are generally of a higher quality.

· Did you pick c? Half-credit. Timeshares will allow you to travel all over the globe (collecting clocks, handbags or any manner of collectables for that matter) for a fraction of the cost of renting a hotel room every time you travel.
· Did you pick a? We hear you. But no.
· Did you pick d? You sad, confused little man.

Q: Jane wants to buy timeshare, but she only has a budget of $500. Jane should:

a. Cry herself to sleep every night while dreaming about vacationing on the white-sand beaches of Hawaii.
b. Accept the fact that now might not be the best time to buy a vacation property. But, remember that she can rent timeshare anywhere in the world for a fraction of the cost of renting a hotel room.
c. Take out a loan and buy timeshare directly from the resort.

A: The Answer

· Did you pick a? You never were much of an overachiever were you?
· Did you pick b? You're right! Timeshare rentals are an excellent way to vacation on a budget. And if you're ever ready to buy timeshare in the future, your past rental will give you a good idea of where you'd like to visit.
· Did you pick c? You might not want to do that… A vacation property is supposed to be a fun investment. There's no reason to go into debt to buy one. And buying directly from the resort is never a budget-friendly idea.

True or False: All timeshares are wicked expensive.

The answer is…False! Timeshares can be expensive if you purchase them directly from the resort. But, if you buy your timeshare resale you can save thousands off the resort pricing and you can avoid the aggressive timeshare sales pitches that many resorts will subject potential buyers to.