One of the longest lasting industries in the United States is banking. As long as there continues to be a focus on economics in our society, this is not going to change as time goes on. For most people, the world of banking is confusing, perplexing, and even dangerous. Some people have had nothing but horrible experiences with banking and accountants and thus, as a result, they will stay away from big banks if they can.
There is no question that banking can be confusing, especially for those who are not experienced in the field of banking and big business. If you are one of these people then that is okay. Understand that there are people in the United States and across the world that not only go to school for banking but will spend their entire lives trying to grab a hold of an unpredictable and crazy economy. How much are timeshares worth? This is a question that many people ask, and in this article, I will explore why.
According to the 2016 U.S. Shared Vacation Ownership Consolidated Owners Report, nearly 7% of U.S. households (9.2 million) own one or more types of a shared vacation ownership product. For many people who are not involved in the world of banking, they may ask how much are timeshares worth? They may also have other question such as how to legally get out of a timeshare contract, or how can I sell my timeshare? How much are timeshares worth is quite a common question and that is because getting out of a timeshare contract is not easy for anyone.
If you ask yourself how much are timeshares worth? Then you are a normal person. You should always wonder about what type of investment you are making before you move forward with making an investment. If you want to cancel timeshare, fall into timeshare scams with a timeshare sale or need a timeshare contract release, then you most likely need a timeshare attorney.
3% of U.S. households own a timeshare. There is a total of 1,547 timeshare resorts in the country. The average age of timeshare owners in the U.S. is 46.8 years old. 85% of timeshare buyers regret their purchase, citing money, fear, confusion, intimidation, and distrust as their main reasons. Finally, the timeshare industry is also worth about $70 billion and the average price of a new timeshare is $20,040.
In a 2016 survey, 66% of timeshare owners cited ?too high? maintenance fees as a reason for wanting to get out of their timeshare contract. Nearly half (46%) identified maintenance fees as their ?most important? reason for leaving. 25% of U.S. timeshares are located in Florida. Financial hardship is one reason people want out. An industry study, by EY (Ernst and Young), revealed that 56 percent of reclaimed timeshares?properties that revert to the developer?stem from foreclosure.
In conclusion, if you want to cancel timeshare or need help selling a timeshare, then you need to hire a timeshare lawyer. Timeshare lawyers can help you deal with timeshare sales that end in timeshare fraud. You do not deserve to have money stolen from you by bankers, especially if you wonder how much are timeshares worth? Protect yourself, protect your wallet, and protect your life by being cautious when dealing with timeshares.