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Original Message:

Re: What happens if you just stop PAYING? (by Carvan A.):

I have enjoyed timeshares for twenty years and my family has enjoyed many wonderful vacations using them. The problem with timeshares is that there is no established secondary market for selling them. I look forward to the day when it will be as easy to sell a timeshare as it is to buy it. That day will arrive sooner rather than later if some of the deadbeat resorts that sell timeshares for $8,000 that are immediately worthless are put out of business permanently.

Certainly these resorts refuse to take deed backs because they recognize the timeshare is worthless the day they sell it. Jayjay's argument that the owners should continue to prop up these deadbeat resorts by continuing to pay the MFs delays the day when the timeshare industry cleans up its act and weeds out these deadbeats and establishes a secondary market.

I believe in the sanctity of a contract as much as anyone but I also recognize that some state and/or Federal regulation should be brought to bear on an industry where the comparative knowledge of the parties entering into the agreement is so disparate that it often results in one party being unjustly enriched and the other with a timeshare that cannot be sold or given away.