Kiplinger

Considering a Timeshare? Don't You Ever!

Over the past several years I've written about the nightmares that timeshare owners lived through, both when first purchasing -- often under physical and mental duress -- and then when attempting to get themselves out of their contracts.

I never said, "Don't ever buy a timeshare!"

But no more. I now believe that because of the nature of timeshare contracts -- and sales practices -- they are the most dangerous purchase anyone can make. I urge federal action to nullify provisions in existing contracts that keep buyers on the hook for thousands of dollars in yearly fees glued to a contract they can't walk away from -- even after years of paying for something they no longer use or are able to use.

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