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While there are different models, most timeshare owners buy either a fraction of real estate at a vacation destination or points they can use at a property. In every case, there are annual maintenance fees that accompany the purchase of a unit for the lifetime of the contract. Further, many owners finance their timeshare, rather than pay for it outright, which means there may be loan payments in addition to yearly fees. For timeshare loans, the overall delinquency rate was 12.8% in 2019 compared to less than 4% for traditional mortgage loans. In 2019, the price of typical timeshare with a week s worth of vacation time was $22,942 plus maintenance fees of about $1,000 a year. ....
New Vacation-Homes Sites That Cater to Millennials With help from tech startups, the concept of timeshare vacation homes is shaking off its stodgy old image. Even commitment-phobes might be tempted. SHARE OPTION A 9,000-sq.-foot lakehouse in Michigan, one of the offerings in the Inspirato portfolio. Photo: Inspirato By Debra Kamin Dec. 11, 2020 6:25 am ET EARLIER THIS fall, Devin Florez, who lives in St. Louis, took his 8-year-old niece to Disney World. He felt safe heading to the park, he said, knowing both he and his niece would be masked, most of their time would be spent outdoors and they would be able to maintain social distancing. But with Covid-19 raging, he worried about booking nights at a hotel, where they’d encounter any number of other guests and staff. When first planning the trip, Mr. Florez, 34, began browsing Airbnb s in Orlando, but costs were high. Then he saw a promo on t ....