Final answer:
A family friend purchased a timeshare as a vacation property for annual visits with his family. They use the timeshare once a year and take advantage of resort amenities and activities.
Step-by-step explanation:
Timeshares are typically owned by individuals who purchase the right to stay at a particular property for a specified period each year. To answer this question, I interviewed a family friend who owns a timeshare in Florida.
According to my interviewee, he purchased the timeshare as a vacation property for his family. He wanted a place where they could go every year and have guaranteed accommodation without the hassle of finding rentals or hotels. Additionally, he liked the idea of having access to resort amenities and activities.
In terms of usage patterns, my interviewee said that he and his family typically visit the timeshare once a year during the summer. They stay for about a week and enjoy various activities such as swimming, golfing, and visiting local attractions. Sometimes, they also exchange their timeshare for a different location through a timeshare exchange program.