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Re: Remembering why you bought your timeshare! (by R P.):
I remember back in the 1970's or 80's being approached by a timeshare salesperson on the beach in FL. I think we were offered a transistor radio if we attended a presentation, however we declined. Then not long after 'timeshare' became a bad name and most timeshare resorts folded leaving a bitter taste in the mouth of the public.
Then along came the 1990s and 2000s and big name brands are building timeshare resorts (Disney, Hilton, Marriott, 4 Seasons, Hyatt etc) and once again the timeshare product exploded with babyboomers retiring or getting ready to retire then the great recession of 2007 hit and once again timesharing has a bad name due to that recession.
Many people blame it on the resorts = presentations, but in truth no one was blindfolded and forced to sign that contract (we definitely took responsibility for our only developer bought timeshare .... it got us into buying resales .... we traveled to some wonderful areas in the USA that we would not have visited if it had not been for timesharing).
Most people think that just because a timeshare is a luxury product (not needed for everyday life) that they are entitled to force the resort to take a deed back, however most will not .... a legally binding contract was signed by all parties and recorded in county real estate records.
You don't buy a car or a house then when you get tired of making payments or paying for upkeep you can't just return that car or house to the bank as you signed a legally binding contract when you purchased.
I believe that all resort presentations should be mandated to be tape recorded .... that way all promises verbally stated by a salesperson could be proved/verified.