Mile High FI Podcast Why are Timeshares Horrible? | MHFI 276
Doug chats with both his dad and Chris Rusin about timeshares and each of their experiences with them. They explore the aggressive sales tactics often used, financial pitfalls, hidden fees, the dubious resale market, harsh realities of escalating maintenance fees, and ultimately selling a timeshare. They also highlight tactics for surviving timeshare presentations and explore how timeshares may fit into broader financial strategies.
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Links
- Connect with Chris
- Chris Rusin on MHFI episode 020
- Chris Rusin on MHFI episode 273
- MHFI Facebook group
- Doug’s site
- Check out Producer Chris’s new blog: Epic Financial Journey
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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Email the show: doug@milehighfi.com
0:00 Introduction
2:43 A masterclass in sales
8:18 Analyzing the value of timeshares
15:14 Timeshare memories with Doug’s dad
21:10 The sales process
28:42 Maintenance fees & freebies
34:42 Getting rid of timeshares
41:31 Pros and cons
46:18 Opportunity cost of owning a timeshare
54:39 Soundcheck – Horseback riding