Original Message:
Re: EBAY $1.00 TIMESHARE AUCTIONS DEVALUING ALL TIMESHARES .... (by R P.):
orvillef2 wrote:I agree with you, Jayjay. Why would anyone in their right mind pay full price when they could pay practically nothing!Does this mean developers will stop building? Or at least stop building for profits. I would guess they would certainly slow down. I'm quite certain no one is in it for the maintenance fees, even as they rise.
Seems you're right about a boon for bargain hunters, cause I sure can't imagine people vacationing less in the overall picture.
I love buying when no one else wants it and selling when no one can get it.
BUT ITS NOT AN INVESTMENT (unless you make a profit?)
So, Jayjay, are you ready to load back up on timeshares? And just out of curiosity, if not, is there a fundamental reason or held belief that would keep you from doing so?
Hi Orville, no I'm not ready to load back up on timeshares as they are very easy to buy and very hard to sell.
I'm just glad we sold our 9 timeshares when we did at what we paid (except for the developer bought one - we lost bigtime on that purchase). It seemed year after year maintenance fees and exchange company fees rose and we were saddled with a couple of special assesments. We do, however, rent from timeshare owners, so in a sense we are still timesharing without the hassles of ownership.
Via timesharing we found an area of this great country where we wanted to spend the rest of our lives. To make a long story short we eventually we sold our home and moved to that area, so we do have to thank timesharing for that and for seeing many parts of this country we probably would not have seen otherwise.
Also, since we have moved we don't care to vacation anywhere for a full week. Our vacations now are at max 4 days, but if I was looking to buy, Ebay certainly has some great deals even though postcard companies are devaluing all timeshares.
I guess postcard companies are part of the nature of the beast in the timesharing industry ... always looking for ways to separate people from their money.
It all starts with timeshare presentations and the lies that are (many times) told and snowballs from there with upfront fee resale companies, postcard companies, exchange companies and a host of other businesses related to timesharing.