It is an undeniable fact that the country is in deep recession these days and as much as people want to get past it, they often are the biggest contributing factors that’s making the situation even worse for themselves individually. With that being said, it’s about time for people to embrace change. By changing their ways and adapting a frugal way of living, they would be able to weather the storm. Divesting themselves of high cost investments with little or no value at all, such as timesharing, will be of great help to them and to their nation at large.

So, Ii you own a timeshare, read on and find out the reasons why you are better off without your timeshare.

1. You don’t have sole ownership over your timeshare. The very fact that your timeshare ownership is just a part of a much larger whole, limits your authority over it. Thus, you can’t have full utilization over your timeshare whenever you want it and more often than not even if your timeshare becomes available, your time frame becomes a hindrance for you to use it.

2. You cannot consider ownership in a timeshare as an asset. Yes, the timeshare can give you a great deal of fun and relaxation because that is its main purpose, no more no less. If you think that it can be a great asset, think again! Timeshares, unlike an asset, cannot be utilized as collateral. You don’t even have the sole discretion to transfer it because it requires confirmation by ownership. Therefore, your timeshare ownership can be likened to a mere right to occupancy, which can actually be obtained through hotel accommodations but with a much cheaper cost.

3.You’ll drown yourself with the rising maintenance fees. Although, the cost of maintenance fees are equally partitioned to all timeshare owners, you’ll be surprise to find out how ridiculous the total amount collected for each unit is. In fact, it costs more than owning an ordinary house. Apart from this maintenance fee, timeshare developers can issue you a hefty amount of special assessment fee when special circumstances occur. In this kind of set up, it can be compared to maintaining a hotel at your own expense while allowing others to take full advantage of the amenities.

In these belt-tightening times, it is wise to invest in an item that will bring immediate returns, however, timeshares will not serve that purpose.