2.5 lakh rupees one gives initially would amount to roughly 30000 per year over a 25 year period taking into amount the lost interest & principal. On top of that they want 15-20000 rupees as maintenance fees (This keeps rising every year). So, we are basically talking of paying 50000 per year for a 7-day holiday. You decide if it's worth it or not. The 2nd & more important part is that you would never get booking out there at the resort at the time you want. When do we take holidays? During summer vacations or Dussera or some other similar time when children have holidays, we dont have to meet our annual targets urgently or when we want to escape the heat or the cold. These are the times when you will find that you cant get your vacations. You would be offered a vacation in summer in Rajasthan or in winter at some hill station. Take your pick on whether you find it worth
Club Mahindra has invited me twice on the pretext of me having 'won' a 2-nights-3-days stay package, but would never give me the voucher. Why, I dont want the product.
RE:RE:Timeshare is a scam: Stay away
by Shankar Iyer on Dec 30, 2007 04:35 PM Permalink
well said.. completely agree with you. I have burnt my fingers.. and so I know.. you are a smart guy
