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Original Message:
The sky is NOT falling... (by KC):
alfredc37 wrote:1. Your heirs will NEVER be obligated to "inherit" your timeshare, unless they overtly and knowingly CHOOSE to do so. Consult any attorney for discussion / verification of this indisputable fact.I don't think it is fair that my children and grandchildren, etc will have to keep paying these fees for eternity. However, what I'm reading on the internet now is that portions of the timeshare industry will "implode" in a number of years.
2. I don't know what you are reading or where, but in my opinion there are VERY few portions of the timeshare industry in ANY danger at all of imploding or exploding, now or in the future. Some exceptions might be bankrupt operations (e.g., Celebrity) or badly or unethically managed operations (e.g.,Westgate) or weak "motel conversions" (e.g., Neptune, Fort Myers Beach, FL). Operations like these have actively dug their own deep holes with their very own shovels. However, independent, sold out facilities (i.e., those not still active in ever-plummeting developer sales) in most places will remain alive, well and reasonably healthy.
Maintenance fees, like everything else, will continue to increase at most facilities, but for those who bought resale, at reasonable prices, at "sold out" facilities (i.e., NOT directly from a developer still in "sales mode", paying absurdly huge money) those increases will be expected and absorbed and all will remain quite well indeed for a good long time to come.
This is just my own personal opinion, of course, but it is one based upon extensive experience with the timeshare industry for about 30 years now as an owner, a BOD member and a student of various and sundry different aspects of the industry overall.