Consider A Timeshare For Your Family Vacations A timeshare is the name given to piece of real estate where a number of individuals share ownership in a piece of property. By owning a timeshare, you have bought time and you share the vacation property. Most time-shares are condominiums at vacation resorts, but they may also be recreation vehicles and cabins aboard cruise ships. Chances are good that you will find a timeshare wherever you plan to vacation. If you buy a timeshare, you are getting tomorrow's luxury resort vacation at today's prices