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The sky is NOT falling... (by R P.):

alfredc37 wrote:

From what I'm being told those timeshares directly on the beach, in very desirable places, etc are doing well, but for the bulk of them a lot of the people are defaulting and I'm having to come up with the extra because I still get some retirement income and the collection agency can get to my assets. I pay $1089.28/yr maintenance fees and hopefully this year there will not be a special assessment. The Homeowner's Association has all these empty rooms so they are trying to rent them out for $89/night. If I didn't have this albatross around my neck then I could rent in this place for a week for a lot less than I'm paying for the maintenance fees/year. Why in the heck would anybody in their right mind want to take these on! Believe me the internet is getting the word out that for the most part Timeshares are bad bad business. The cheaply made buildings are going to require more and more maintenance and upkeep. There has to be end. I don't see the silver lining. Yes,the "sky is falling"!

Exactly, however I don't see an end unless resorts come up with a better plan that suits their owners ..... something's got to be done to change the timeshare industry as it is now .... I would suggest lowering maintenance fees and cutting budgets to the bone or NO RESORTS (but the most desirable locations and time owned) will be left standing.

As far as developer sales .... it's tanked big time and the only people that would even consider buying from a developer are those that are totally clueless.