Time Share: A Great Vacation Opportunity for the Family

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“Where are we going this year?’, Photo Courtesy of Photolibrary
With a busy family, hectic work schedule and decisions to be made daily on a variety of topics and issues, one thing the average person does not want to struggle over is where to vacation to get some rest. For many, time share real estate offers a convenience that takes the edge off of the question, “Where are we going this year?’

Time share real estate is a deeded property that a person or family has the right to use one week a year at their convenience. The average person does not start out looking for a time share, it is often property that is stumbled upon from a variety of unassuming sources.

Real estate or management companies utilize crafty methods of introducing their product to potential buyers. Sometimes they receive a notice in the mail informing them they have won a prize and must go to a certain location to hear a presentation to receive their prize. The presentation is of course on the time share available for purchase.

Robert Lindquist, professor of business at Argosy University, Orange County advises potential owners to choose the location of the time share property carefully. “One thing to consider is whether there is a downside to selecting a location that has seasonal limitations such as ski resorts.” Lindquist says. He emphasizes it is important to select a location that will be attractive when trading for a new vacation spot when the family wants to make a change.

Lindquist sites several advantages to owning a time share:

* If this is a second home, the time share can be considered a second home and may be eligible as a tax write off.

* The time share guarantees the family a vacation spot one week out of the year in the original location or it can be traded for another site.

* The property can be maintained and kept until it is paid off or the family can choose to sell it.

* Time share resales are available.

For those who feel the cost of a full time share property is prohibitive, there is an option to buy the real estate in an every-other-year-arrangement for half the cost. This provides a reduced cost and still provides a family vacation site.

“Time shares provide stability within the family regarding travel, but they should never be looked at as an economical investment,” Lindquist says.

Courtesy of ARA content
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Lanesborough Town Meeting to Vote Budget, Bylaws & Vehicle Purchases

By Breanna SteeleiBerkshires Staff

LANESBOROUGH, Mass. — Tuesday's annual town meeting includes a $14 million operating budget, new short-term rentals, accessory dwelling units and sign bylaws, and free cash article appropriations.

Voters will gather at Lanesborough Elementary School on June 9 at 6 p.m. to decide on 20 warrant articles.

The fiscal 2027 budget is up a little over 10 percent. Some of the main increases are the Mount Greylock Regional School District and McCann Technical School: the McCann assessment is up more than 30 percent based on factors including enrollment and the school renovation project, and Mount Greylock's is up 11 percent.

Article 11 is for the town to vote to approve from free cash the sum of $16,298.48 for the McCann Technical School roof and window replacement project so as not to impact the budget. Article 3 is  appropriate $7,586,284 for Mount Greylock Regional School assessment.

Another notable increase was in life and health insurance, showing an increase of about 26 percent.

Ambulance Director Jen Weber is planning 24-hour coverage, which means more staff and a hike in her budget. One of the articles asks the town to appropriate $234,100 to operate the Ambulance Enterprise Fund for salaries and expenses.

Many town departments are looking for new vehicles. The Fire Department is looking to replace its outdated 1996 fire engine. There are two articles related to the truck at a total of $813,366. Article 12 would transfer $225,000 from free cash into the Fire Truck Stabilization Fund; Article 13 would transfer $605,000 from the fund and authorize the borrowing of $208,366.08.

The total includes a $100,000 contingency cost to cover any additional costs if a 2026 model-year chassis cannot be secured before new emissions standards go into effect in 2027.

The board at its last meeting moved the $225,000 transfer to come before the borrowing article, changing the stabilization number. If the $225,000 is not voted on, then they will amend the next article's number on the floor, subtracting the $225,000. This shows the borrowing number significantly lower.

Article 17 asks for the transfer of $80,000 from free cash to replace a police cruiser.

Police Chief Rob Derksen's aim is to replace one vehicle every other year, meaning the oldest vehicle gets replaced about every 10 years. 

He stressed that if delayed this year, the town may have to double up in a future year to get back on schedule, and that paying later usually costs more. The article will ask for $80,000 from free cash, the vehicles used to be funded by the BHRD.

Lastly, the Highway Department is looking to replace a 2014 International dump truck that will be a total of $330,000 and will take two to three years to receive.

Money will be used from last year's approval of $250,000 from free cash for the replacement of a 2012 highway front-end loader that was underspent $49,261. Town meeting is being asked to approve  a transfer of $53,274.85 from free cash and the use of $227,464 from funds from the Sale of Town Real Estate to fund the balance.

Other free cash proposals include $1,200 to purchase software to support tracking and ongoing maintenance schedules of town-owned vehicles; $42,000 for the replacement of the Highway Department's storage shed roof, $200,000 to reduce the tax levy.

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