Our satellite site Timeshare Trap received some good media coverage. I was quoted in an article by Gregory Karp in the Chicago Tribune titled Unloading Time Share Likely A No-Win Deal. It was nice to see a mainstream media outlet highlight this problem. The question of how to get rid of a timeshare is a subject I probably receive the most email inquiries about. Not only is it one of the worst investments you can make, many people compound their loses trying to get their money back on their timeshare instead of getting out of the timeshare unit as quickly as possible. Some advice from the article:
If you have a timeshare, take the time to sit down and run the numbers. It’s likely costing you much more money than it’s worth and if that is the case, the sooner you get rid of it, the better for your personal finances.