Link: https://www.hiltongrandvacations.com/

Looking for thoughts on this.

Never ever buy a timeshare in anything.

Timeshares are a scam to "sell" all available time for usage in the short term. After every time for every unit is sold, there is no future revenue except for maintenance fees. The maintenance fees will climb ever higher, rivaling that actual value of your use "time", with non-payment leading to forfeiture. And it gets even better! Then will stop billing you for the annual maintenance fee and tell you that you just have to pay it each year on time with no reminder, with late payments leading to forfeiture.

If time shares were worth the money they wouldn't use such shady sales tactics of "free stuff" to get you to sit through a few hours of high pressure sales tactics.

Really, just get a hotel room or rent a place when you want to go on vacation.

Oh, and I am Diamond level in Hilton until at least 2022 and was Diamond various years in the past. If I can, I always stay at Hilton properties, and I still won't touch their time shares.

no way - no how

too many other options available these days to gain access to choice accomodations / rentals


https://www.investopedia.com/a.../pf/08/timeshare.asp

https://investorjunkie.com/inv...share-is-a-bad-idea/

---------------------------------

When we got married a little over two decades ago, some of my wife's siblings tried to "gift" us with timeshares. She refused. I believe they were simply trying to unload them on us.

Don't do it! Dave Ramsey has a few vids you might want to watch about them.

Hell no.

There legal practices that specialize in getting people out of time share contracts. Run as fast as you can.

Back in about 1990 my dad bought a weeks timeshare for Hilton Head on the local pbs fund raising auction. Dirt cheap, seems like he paid $700 for the ts and his week is the week after Thanksgiving. He passed in 1997 and had a trust and will but overlooked the ts and, being out of state, getting the ts probated was more $$$ than it was worth so it's still in dad's name. My wife and sister use it every year and love it, get their Christmas shopping done at outlet malls and generally loaf walking the beach enjoying the off season. Maintenance fee is about $700 for the week but the condo is very nice and they enjoy it. Not sure what will happen when they get too old to use it (mid to late 60s now) but I expect will just walk away.

Run away, don't walk.

What's the draw? What's the upside?

Why not take your money and just spend it on a nice hotel of your choosing whenever you feel like?

I am not familiar with Hilton but I will say that timeshares can be useful, however there is one very very big caveat. They need to be “purchased” free, or nearly free.

There is a secondary market, eBay being the best I know of, and they can be picked up for next to nothing. You need to make sure your diligent with what you are getting regarding maintenance fees etc. but if you can pick one up for < $500 often times it is a pretty cheap way to vacation. When you’re done with it turn around and give it away...

I have had mine for 7 years and have been on 10 one week vacations, at some beautiful resorts, in 2-3 bedroom suites complete with full kitchen and washer and dryer, for less than $900 per year. And, to add, my kids have taken friends with them on every trip. I would never been able to afford places big enough for this had we been doing the traditional rental.

Don't do it... You can find really good deals elsewhere. You won't be locked into a long term contract for a place that my or may not stay in good repair!

My wife has an evil streak.
We went to Las Vegas and had a couple of hours before our room opened. We were in the Luxor and got tagged by the time share scammers. Up front we were offered free meals and tickets to shows. Just bus out to the timeshare and listen to the spiel.
The bus dropped us off at a new apartment building. Got a tour of display apartments, large spread of poor food and a salesman that saw dollars. My wife encouraged him! I was been there and not interested. After a couple of hours, she went “Thanks bye” and off we went, the salesman following us. They had a gauntlet of salesmen we had to navigate. Somewhere the salesman stormed off.
Now, if you signed, you rode back in a limo. Otherwise, it was the bus. We got on, a guy stood up and said “ Well, I see none of us got the limo!”
My wife just said, “ I wanted to see how much he’d cut the price and deal. It wasn’t worth it.
We did enjoy the shows and the free meals.

No, just no.

Among other things, I am a notary.

I was hired by a company to notarize documents at a seminar for people wanting to get out of their time shares.

I was busy stamping contracts for an hour after the seminar.

The hotel ballroom was packed, and every contract I stamped was thousands of dollars to the lawyers that were going to get these people out of their time shares.

They travel around the country doing these seminars. Making a fortune.