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Re: Want to sell, will wait for fair price (by R P.):

samd12 wrote:

Jayjay said "many people buy thinking their maintenance fees will never go up". This a bit disingenuous friend. Of course we expect the maintenance fee to go up, but not at 5 times the rate of inflation. And then, we do not expect our so-called maintenance fee to be nearly the same amount of money it would cost us to stay in similar accommodations in a hotel (which would not be holding the thousands we paid for the TS). I am sick of the Time Share Crooks with their creative accounting that enables them to charge $670 maintance for an annual week TS in a 600 sq ft hotel suite -- this is nearly $35,000 per annum. Just think about that $35,000 each year to "maintain" a small suite, pay the salaries of housekeepers who make up the room maybe twice a week, and for the 5 minutes per guest visit the front-desk people spend with you????

After the developers scam you into buying one of these and separate you from thousands of dollars, you then have the privilege bending over for them year after year so they can keep stealing from you more and more and more and more.

sam, you and I are in complete agreement on everything you stated in your post above. The MAIN reason we sold all nine of our timeshares was because we were beginning to see the handwriting on the wall as far as the neverending rise in fees related to timeshare ownership.

We bought all but one of our timeshares resale (lost $ bigtime when we sold the developer bought on the resale market), but there wasn't that much money involved in the other resale buys, however the straw that broke the camel's back was when one of the resorts charged a special assessment and then went on to raise maintenance fees outragageously for two years in a row after the special assessment. That's when we put it, and the others, on the market to sell.

I believe, as more people become educated concerning timesharing (via internet research and forums such as Redweek), that the reputation of timeshares will once again be in the gutter as was the case in the 1970's UNLESS some sort of federal regulatory agency is developed to step in with strict guidelines for developers and resellers.

The timeshare market (both developer and resale) is rampant with untruths and outright lies (upfront fee resale companies is one good example).

Developer salespeople are not held responsible for what they tell (untruths) to prospective buyers in presentations. I believe all presentations should be video and audio taped. In this day and time of electronic genious, this would not be a hard thing to do.

As more and more people become disenchanted and state their disenchantment to whoever or whatever entity that will listen (the media is a good place to start), then I believe one day the government will HAVE NO CHOICE but to step in to regulate the industry. I don't particularly care for government intervention in our lives, but in the case of timesharing I think it should be mandatory.