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Re: RCI Class Action Lawsuit (by Richard W.):

jayjay wrote:

richardw235 wrote:

When we purchased our week at the Santa Barbara Resort & Yacht club, the salesman said we would have no trouble getting an exchange and we did not the first year and that was all. He also told us that the timeshares were a good investment for they would resale quickly and for a good price. HA HA

After checking out this resort, it looks like it's been closed due to hurricane damage and has re-opened or is scheduled to re-opened soon. The fact that it was closed down would definitely affect your trade power since you have had nothing to trade.

Old saying, "if a timeshare salesperson moves their lips, then they're lying" :o). Timeshares are NEVER good financial investments ..... the only investments they provide are quality vacations in nice accomodations. Developer bought timeshares are like new cars, once you sign on the dotted line your purchase immediately depreciates. Timeshares resale for approximately 1/4 to 1/3 of what was paid the developer IF they can be sold at all.

this was our first experience with timeshare salesmen, so we assumed they would be honest for it was property. We would never fall again for their lies, and none of our many children will ever touch a timeshare, and they sure do not want ours, and they legally do not have to, for we would not will it to anyone, so it will go back to the resort when we die. If not before in the form of foreclousure because so far we cannot even give it away.