Original Message:
why are timeshares selling for zero dollars??? (by R P.):
wiscombe wrote:I don't understand how timeshares can be listed for sale at zero dollars. Can anyone explain this?Many more are listed for ridiculous prices like $1, $50, or whatever. Has this always been going on, or is it some sign of the collapsing economy?
W. Wiscombe
It all started with postcard companies (they send postcards to timeshare owners saying they are interested in possibly buying their timeshare and they schedule meetings in different areas of the USA).
However, owners pay them $3000+ to take their unwanted timeshare off their hands. The postcard companies then turn around and list the weeks on Ebay for almost free. That's when you first started seeing them, then the recession hit and many people merely want to get out from under high maintenance fees and possible special assessments.
I don't believe the timeshare industry, as a whole, will EVER recover from this recession.