As someone new to the United states you might not be aware of the differences in types of property ownership. Having spent time to get your US Visas and progressed to a Green Card from the USCIS the last thing you want to do is get scammed. But when you are on vacation and have someone approach you with what sounds like an awesome deal, you might not think twice about what is really being offered. In the case of a timeshare, you are investing a sum of money for the right to use a property for a set time each year. If you are not aware of the limitations you could get ripped off.
First, know exactly what the terms are before you sign. Are you getting a specific unit for a specific period of time? Can you swap weeks with someone else? Do you gain access to different units at different locations for that week or are you stuck with this particular location? Sometimes going back to the same place each year is a pleasure. Timeshares in Hawaii bet on this factor. People want to return to the same spot each year so they buy a specific condo for a specific week. Other places might not be as attractive. Unless you engage in some activity that takes place there, like skiing or fishing, would you want to be locked into paying for a vacation rental each year used or not?
Usually a timeshare holder does not actually own the property they are leasing time at. They may have to share that unit with 26 to 52 other owners, depending on the length of time that each owner has at the unit. Overall, the terms are inflexible, unless you are lucky enough to be part of a management group with units all over the world that allows you to swap units for your prearranged time with others that might want to use the unit you pay for in exchange.
The benefit of a timeshare is that people who could not normally afford to vacation in a exclusive area can jointly hold a unit and that allows each one to pay less then any single owner would. In exchange for that access, which is limited, they must be willing to keep the property in good shape while they are using it, much like they would if it were a hotel room.
If you happen to be new to the United States and go to one of these vacation places you might find that your US Visas experience and Green Card possession makes you a target for those who are less then honest. It is not a topic that the USCIS covers. Be aware of scammers and protect yourself by never signing something you do not fully understand. Staying alert to what might be tried because you appear to be an easy target is your first line of defense. Timeshares can be a great way to have a guaranteed vacation each year or a massive rip-off if you are not careful.

