Buying a timeshare? You got to be kidding

Few years ago, a friend went to an invitation to a timeshare demo "just to see." He and his wife were going to just say no and enjoy the free vacation the company promised. But about halfway through the presentation, he changed his mind and ended up purchasing it. He convinced himself and his wife that it was okay because it provided points that they could use anywhere. Turns out, points aren't that great; they could afford the air tickets to go to the resorts.

He paid for three years of maintenance fees before he decided he had enough. Since timeshares are so hard to get rid of, he decided signing it right back over to the resort for $0 would probably be the cheapest route. He was happy to get rid of it, but before it cost him $8,000, which could have paid for some nice vacations!