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Old 12-03-2007, 04:42 PM
 
3 posts, read 2,056 times
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I've been seriously considering one, because I liked the drive down that way from where I live to San Luis Obispo (sorry if this isn't the right forum, but LA seemed to be most relevant one). I see a lot of ads for vacation rentals every time I’m up there: save money, avoid over-booked hotels! The traffic there during certain times of year gets to be a bit much, so I think it'd be a good purchase if I keep going back every year. What do you think?
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Old 12-04-2007, 09:25 AM
 
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I used to work down in Oxnard and I’d drive up to SLO every other weekend on the 101. Ah, that drive is beautiful. Gorgeous country up there. Pismo Beach is great too.

Anyway I can’t argue with the setting but a timeshare may or may not be the way to go. I’d be very wary of any of those advertisements, a lot of those timeshares need to be sold because they’re totally worthless. A friend of mine learned the hard way, and discovered that her timeshare had depreciated by 70% the moment she bought it. In the end she had to cut her losses and pay for a Timeshare Relief title transfer. The point being that it might not actually save you money, depending. If you must buy, definitely buy on the resale market and not off an ad. Those people will probably just trick you. And don’t forget that timeshares come with monthly maintenance fees and other charges that hotels don’t have. It’s all a coin toss, in my experience.
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Old 12-07-2007, 09:44 AM
 
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If what you're looking at is a timeshare, just walk away. Why would you pay in advance for 20+ years worth of vacation? That's what you're doing with a time share.

A friend of mine bought one years ago. He gets one or two weeks each year, I'm not totally sure. His annual maintenance costs are $600+. If you then figure in the intial cost, you can certainly find a hotel cheaper.
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