Why Are Timeshare Investments So Disastrous?

I was reviewing the late 1980s and 1990s craze of “investing” in timeshares, a type of investment that still exists to this day, in order to determine why these purported investments proved to be such disasters.

My assumption, as I approached the study, was that the ownership position would be structured so that people would have fee simple absolute (read: full owner) interest in a given property, except the slice of ownership position would cut across time rather than a percentage of ownership. Some states do make this harder to do than others, as the old English common law held that someone with any interest in land, even 1%, would have a right to full possession of the property at all times, and could limit have his usage limited by subsequent contract. Many states, between the 1960s or so, added statutes that specifically permitted title to vest via a timeshare … Read the rest of this article!