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Re: I need EVERYONE'S opinion please! (by R P.):

mike1536 wrote:

AND for everyone who "just walks", the rest of the owners have to make up the difference in the lost MFs.

Yep, but it's happening by leaps and bounds as many people are more concerned with putting food on the table and keeping their jobs than owning luxury timeshares ..... even some Marriott owners are walking away.

I honestly don't believe the timeshare industry will ever recover from this economy as many people have changed their spending habits for a lifetime and they are saving money for other rainy days to come.

I think we will see many resorts going completely under due to lack of paid maintenance fees and foreclosures. Timshares are a luxury that many people simply can't afford any longer and I somewhat blame that on the HOAs and the developers for raising yearly maintenance fees out of the reach of many owners' budgets. Handling other people's money (without constraint and a tight budget) can be a disasterous downfall for any business including timeshare resorts.

I know when we first started timesharing in 2000 all of our maintenance fees were reasonable, but it's astonishing how many of those fees have skyrocketed since we sold them.