Wednesday, May 25, 2011

What Is A Legacy Anyway

There's a lot of talk lately about how the "younger generation" doesn't want to inherit their parents' or their grandparents' timeshare.  Frankly, I believe that most of this push-back is because the kids are tired of going to the same timeshare year after year, as the current owners don't know how to maximize their timeshare purchase.

And there's also a lot of talk about how now a timeshare is a burden, rather than a something that people want due to the continued annual fees.  As if anything, vacations in particular, are ever free.

I recently came across an advertisement for a Patek Philippe watch (retailing for over $18,000) with only a few lines of copy:  "You never actually own a Patek Philippe.  You merely look after it for the next generation."

I think timeshare can learn a valuable lesson on legacy from Patek Philippe.

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