Original Message:
Re: More timeshare owners renting instead of exchanging? (by Phil L.):
karena245 wrote:I believe that the reason some people like myself are trying to rent just to cover the high maintenence fees.I'ts not a case of greed.
I understand this and my point is if you have to rent to cover your maintenance fee's then maybe you own more units than you need! Timeshares are for owners use and exchange and that is it. Few years ago owners found using the computer they could rent for large amount of money in place of using or depositing into their exchange company. With this more and more owners started to do it and this hurt the exchange process which was main reason for timesharing. This also drove down the rental fee's because of so many owners trying to rent. Many went and bought more units on resale with main idea of renting and this is where my point of greed comes in. Now all the people begging for renters and will rent for almost nothing killing the rental market.
Now people grab units just to try and rent and take away from the exchange companies which defeats the whole purpose of buying a timeshare. Term timesharing= Sharing your unit with other timeshare owners dealing in your exchange company.
When people buy more timeshares than they can use they are trying to rent them for profit and this is greed. Now days there isn't much profit in renting because of the market being over loaded. This is main reason many owners state no refund to renters. Many people will rent your unit and then weeks before their vacation spot some owner offering for much less and they want that unit or price and not yours. All this work for very little money in many cases!
Because of this and owners getting stuck with units the prices keep dropping because of a few people and this hurts all others.
PHILL12