Have you heard about timeshares ? According to a site, a timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property.
So how a timeshare works? You don’t have to pay the full price for a certain property; instead you pay a share of the price. This share allows you to use the property for a certain period of time every year. Your stay depends on how much you have shared.
This infographic shows an estimated 4.4 million US households owned one or more weekly-interval timeshares. I wonder how many numbers added as of today. And surprisingly Mexico holds an amazing 40% of all timeshare resorts worldwide. Wow, I’m not sure the advantages and disadvantages of getting timeshares but with the growing numbers, I guess I should consider it.