We had a beach condo for 16 years. Tired of M fees, taxes and assessments. One assessment was 30K a few years ago! Sold it this spring, paid off the mortgage on our primary residence and purchased a new class b which we paid cash for. One of the best decisions we’ve made! I of course knew it would depreciate immediately. However it has opened up a world of opportunity that wasn’t really feasible/justifiable with the condo. I would never ever own a timeshare.
We just returned from an awesome trip to Co and NM and have more trips planned. It will continue to depreciate and I’m okay with that. These is a cost to everything. I just don’t buy what I can’t afford. Good luck on your decision!
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