Jewish World ReviewApril 3, 2000 / 27 Adar II, 5760
Readers disagree on time shares
DEAR READERS: I gave this writer's opinion that time shares were an extraordinarily poor investment. Interestingly, I received many pro-time-share and many anti-time-share letters. I offer you two, one from each camp, expressing their points of view.
DEAR BRUCE: I am one of those unfortunate people trying to get rid of my time-share week that I purchased.... I just want to get rid of it, but I am looking for an honest company that can do this for me. I am willing to drop my price down to where I have to be. -- A READER
DEAR BRUCE: I was very surprised at your strident comments regarding the purchase of time shares.... My husband and I own two time shares and have for seven years. We do not have fixed weeks and have traded to places in San Francisco, the Bahamas, Florida, Las Vegas and many other great destinations. The accommodations were so spacious we were easily able to take our two children, other families with children and our extended family.... We know other people who own time shares and they are equally delighted with their purchase. -- A READER
As I have said many times before: You pay your money and take your chances. I still believe that time shares are a poor, overpriced purchase that most buyers will regret.
DEAR BRUCE: I wanted to clarify the deduction of interest on student loans that you have mentioned a few times. It is not actually a straight deduction, and it counts as an income credit. It's not quit as nice, but it is still something. -- Michael Duchek (e-mail)
DEAR MICHAEL: Thank you so very much for the additional information. All of you are put on notice: If you feel that I have made an error or should include more information -- please advise me.
DEAR BRUCE: What are the rights of a homeowner if a highway department wants to put a highway through your house? I know that they have to give you fair market value. -- A READER (e-mail)
DEAR READER: Your rights are many.
Through eminent domain, the government and certain private entities may condemn your property and force a sale. But in most jurisdictions there is a process of appeals so that either side, the condemning party or the condemned, if unhappy with a judgment, can appeal to a higher court.
The problem with this is the condemning parties have attorneys by the bushel-full, and you, the condemned, have to hire not only attorneys but experts.
Eminent domain is clearly a necessary tool -- without it there would be no straight roads or power lines, etc. But in some areas, this power has been severely
Send your questions to JWR contributor Bruce Williams by clicking here. (Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided.) Interested in buying or selling a house? Let Bruce Williams' "House Smart" be your guide. (Sales of the book help fund JWR).
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