bradfordHI
TUG Member
- Joined
- Dec 9, 2016
- Messages
- 119
- Reaction score
- 7
- Points
- 78
- Resorts Owned
-
DRI Hawaii Collection 74,000 points
Westin 2 Bedroom Maui; selling it now.
2 bedroom ocean Front Hyatt week 51. We Rent it on VRBO only.
I was implying owning real estate is almost always better then renting.
Not timeshare specific. Again, I meant owning real estate. Not owning timeshare.
General statements are not wise. Also message boards are hard to fully understand my intent or anyone's intent
QUOTE="bradfordHI, post: 1949311, member: 89867"]Yes. I was giving them an option most don't know about. Im not pro timeshare or not.
I only told her what I did. I don't know her personal finances. But saying it's a bad choice is not smart to say.
Most people don't know that option is available. It saved me $9,000 dollars in interest alone. So it was perfect for me.
I paid it back and now only have Maintenance fees. I have done it on both of my 2 most recent purchases so it's worked for me perfectly.
Brad
QUOTE="SmithOp, post: 1949309, member: 44697"]I agree with the article you linked, its a last resort, but I don't consider using it to buy a timeshare a valid last resort.
Owning a timeshare is not always better than renting, so I disagree with that statement.
I rent some of my timeshare points to offset my annual fees.
You might want to read this article, it does a better job of explaining all the disadvantages of 401K loans.
http://www.marketwatch.com/story/avoid-the-temptation-of-dipping-into-your-401k-2015-06-04
Sent from my iPad using Tapatalk[/QUOTE][/QUOTE]
Not timeshare specific. Again, I meant owning real estate. Not owning timeshare.
General statements are not wise. Also message boards are hard to fully understand my intent or anyone's intent
QUOTE="bradfordHI, post: 1949311, member: 89867"]Yes. I was giving them an option most don't know about. Im not pro timeshare or not.
I only told her what I did. I don't know her personal finances. But saying it's a bad choice is not smart to say.
Most people don't know that option is available. It saved me $9,000 dollars in interest alone. So it was perfect for me.
I paid it back and now only have Maintenance fees. I have done it on both of my 2 most recent purchases so it's worked for me perfectly.
Brad
QUOTE="SmithOp, post: 1949309, member: 44697"]I agree with the article you linked, its a last resort, but I don't consider using it to buy a timeshare a valid last resort.
Owning a timeshare is not always better than renting, so I disagree with that statement.
I rent some of my timeshare points to offset my annual fees.
You might want to read this article, it does a better job of explaining all the disadvantages of 401K loans.
http://www.marketwatch.com/story/avoid-the-temptation-of-dipping-into-your-401k-2015-06-04
Sent from my iPad using Tapatalk[/QUOTE][/QUOTE]