Original Message:
Re: Have the Timeshare Resorts forgoten about the resale market (by R P.):
marye206 wrote:Actually, timeshares aren't "worthless" after you buy them, but they do seem to drop in value immediately--anywhere from 75 to 50%.
Some timeshares ARE actually worthless as is evidenced on Ebay. There are many timeshares on that site on a daily basis that don't even get $1 bids.
This phenomenon came about due to postcard companies in the last few years taking timeshares that people want to get rid of, charging them $3000+ and then turning around and selling them on Ebay with starting bids of $1.