As much as people want to run away from the financial crisis that the global economy is experiencing today, it leaves no room for anyone to hide. What better way to ease the burden caused by this crisis is to change your pace of living and return to being frugal. Turning your back from costly investments with no returns like timeshare ownership can make a big difference.

So, Ii you own a timeshare, read on and find out the reasons why you are better off without your timeshare.

1. You don’t have sole ownership over your timeshare. The very fact that your timeshare ownership is just a part of a much larger whole, limits your authority over it. Thus, you can’t have full utilization over your timeshare whenever you want it and more often than not even if your timeshare becomes available, your time frame becomes a hindrance for you to use it.

2. You cannot consider ownership in a timeshare as an asset. Yes, the timeshare can give you a great deal of fun and relaxation because that is its main purpose, no more no less. If you think that it can be a great asset, think again! Timeshares, unlike an asset, cannot be utilized as collateral. You don’t even have the sole discretion to transfer it because it requires confirmation by ownership. Therefore, your timeshare ownership can be likened to a mere right to occupancy, which can actually be obtained through hotel accommodations but with a much cheaper cost.

3. Hefty maintenance fees. Paying for maintenance fees with timeshare ownership is surprisingly much higher than owning a normal house despite the fact that it is even partitioned by many other timeshare owners. This is like paying for the hotel’s maintenance fees while allowing others to take advantage of its amenities for free.

In these belt-tightening times, it is wise to invest in an item that will bring immediate returns, however, timeshares will not serve that purpose.