Original Message:
Re: Current info on walking away from a timeshare (by R P.):
joeb585 wrote:I read that many people are just walking away from timeshares (tellittoal.com, at dowjones.com, February, 2011). According to this guy, it's an epidemic. Credit score or not, it looks like the smart thing to do is to just stop paying. The timeshare industry's time has come and gone. It will soon collapse.
It's sad but I have to agree with you ..... when you can rent for less or the same as maintenance fees then why own.
What I would like to know is what line of action resorts and developers planned, in the beginning, after such a collapse and resorts have to close their doors .... surely they knew it would happen eventually since all bubbles burst.