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You may have asked yourself the question: "Is it financially realistic (or realistic at all) to buy a timeshare? "Yes" and "No" can both be the answer to this question, as it depends on who is making the purchase and what the intention of the purchase is.

One of the most traditional answers could be that you own it, but when you rent something you don't own it. The timeshare industry has grown by leaps and bounds since its inception in this country and many notions that people had earlier have been clarified. Large hotels and resorts are into timeshare business now. It is estimated to be a five billion dollar a year industry worldwide and approximately two million Americans have timeshares. You might be wondering what lured so many people in America alone to timeshares. Here are some reasons...

If you will take into account the amount of money that you will spend staying in a hotel for a week might be up to $900 and that you may do this once a week every 30 years, you will see that your will be spending a great deal of money. Now, consider buying a timeshare property for $10,000 with an additional annual maintenance fee and you will end up saving $3,500. Another benefit of a timeshare property would be that you own the property and this is an investment that should return your original investment, so in reality a timeshare property will cost you a lot less in the long run than staying at a hotel during your vacations. An additional benefit would be having all the comforts of your own home, including a kitchen, laundry room and much more room than a cramped hotel room and, of course, all resort facilities would be available to you while on vacation.

Is it making sense now? It also saves you from the hassle of planning your vacation each year because you know when you have to go in turn, offering you a guaranteed vacation every year.

A timeshare can be viewed as money lying safely in a bank account. It can be sold at any time. Should you purchase a deeded plan, your heirs will also inherit your timeshare when you pass away.

Compare the timeshare with buying a vacation home. You don't have to worry about upkeep and maintenance also. The management company will take care of everything. You just have to pay the maintenance fee for that. But what a pleasure to live like you are living in a hotel and still get a feel of your home and have to do nothing.

In addition to these benefits, timeshare companies offer many discounts like bonus weeks, discounts on airfare, car rentals, attraction tickets, restaurants and more.