Original Message:
EBAY $1.00 TIMESHARE AUCTIONS DEVALUING ALL TIMESHARES .... (by R P.):
It's not Ebay's fault (they are merely an auction site and they can't place restrictions on what is auctioned if the product is legal) but the hundreds of $1.00 timeshare auctions, some in very nice resorts, are devaluing ALL timeshares.
The $1.00 timeshare phenomena is a new concept brought on mainly by postcard companies who get desperate owners to pay them $3000+ to relieve them of their timeshare obligations, and they then turn around and sell them on Ebay for $1.00. In the past, you never saw timeshares auctioned for $1.00 on Ebay.
Many of the timeshare auctions are at very nice gold crown resorts. What this phenomena does is DEVALUE ALL TIMESHARES in the long run. It's a sad situation for the industry and the reputation of timesharing, but a boon for timeshare bargain hunters.