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If you want to buy time share property but are intimidated by the financing then that’s a good sign. That only means you are taking the finances seriously. As a rule of thumb though this matter shouldn’t keep you up at night. That would be a bad sign.
Informed decisions are the ones that yield the best results. After all, a decision to buy time share fractional deeds may result in savings over decades of use. As inflation takes prices of hotels through the roof a fixed rate loan will stay the same. Maintenance costs will increase but not necessarily at the same rate as hotels. One of the real problems with hotels is that an enormous tax is levied these days.
Time share offers aren’t yet subject to the same enormous bed tax that hotels and motels are. In some larger cities a bed tax of 15% is added to the room rate. A $100 per night room is in reality a $115 at that rate. Then state and local taxes are added. This may add say 9% or more. Need an extra cot? Add $10 per night. Want to bring a dog? Not many hotels allow them but plan on another fee of $5 at the cheapest motels.
Many other charges are amassed during a stay which are often avoided in a time share. For instance, a hotel may charge quite a bit for room service whereas the average timeshare suite has a full kitchen. Most people can easily open a bag of chips, make a sandwich and grab a soda. A few dollars spent stocking the fridge will avoid enormous room service rates. An awful lot of hotel and motel rooms have a mini-fridge and microwave but cooking, eating and sleeping in the same room is not pretty.
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