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Millions of Americans own timeshares, which enable shared ownership of vacation homes, but this arrangement may not be as beneficial as it seems. The Federal Trade Commission has raised concerns about significant issues associated with timeshares. Nearly 10 million U.S. households hold timeshares, with the average buy-in cost reaching $24,140 for one week per year, plus additional maintenance fees that can amount to thousands of dollars. While timeshares can appear attractive, allowing buyers to enjoy a second home without year-round commitment, the financial complexities and rising costs may deter prospective owners.
