Timeshares
Surprisingly, timeshare has been in existence as a concept since the 1960s. A ski resort owner in France decided that owning a set amount of time in a resort each year was a much more practical way to have a holiday than renting. Over time his idea became popular, and the timeshare concept has steadily grown in popularity ever since, particularly in the USA.
Why do people buy and use timeshare? When you buy a timeshare, you become owner a tiny part of the property, and for many people they like the feeling of security and ownership that gives them. Maintenance and other ownership costs are split amongst all the property owners, and generally the owners will combine to hire a professional manager to take care of the resort.
Once you own timeshare, you’re guaranteed to have that amount of time in the resort each year, which can be a big plus if it’s a very popular resort. When the resort’s a little quiet, they may offer extra weeks to owners at a much cheaper rate than normal rental weeks. The biggest benefits for most people, however, is that you can exchange your own week at your resort for a week at an entirely different...
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