Original Message:
Timeshare Companies Report Record Sales Again (by R P.):
bobd157 wrote:Eventually there is going to be a timeshare bubble bust similar to the housing market and Americans are going to be holding the bag. Imagine record number timeshare foreclosures and absolutely no outlet to even remotely cover the original investment. At least through the MLS we can see the current back logs of homes and run statistics on price trends. Forget it with timeshares, the whole market could come crashing down, and no one would know where to go?
Exactly, all bubbles eventually burst and the timeshare industry is no exception. ARDA is also burying their head in the sand along with the developer you quoted above ..... wishful thinking on their part.
The vast majority of timeshares today are bought by babyboomers (born 1946-1964) getting ready for their retirement years, however many of those working people's 401Ks have dropped to less than half (or more) of what they were a year ago. These people will have to keep working until they get their 401Ks back to where they can afford to retire (they're now calling them 201Ks instead of 401Ks .... sad but true).
They are certainly not in the market to buy a developer timeshare.