Post reply

Re: Maintenance Fees (by R P.):

christopherl72 wrote:

jayjay you sound like you support the whole Timeshare business. Just note that I too am a timeshare owner and overall thus far into my 5th year of owing a 2bd, 2ba lockoff with the maintenance fees ever increasing I am still getting use out of it and turning profit with the years that it has been rented. **BUT I am projecting by my 8th year I will be considering getting rid of it if the rate of fee increase continues or gets worse. So my $15,900 cost of the unit will not have been recovered...Not even close! Maybe 1/3rd of the cost. Sounds like maybe you purchased a resale really cheap to support continued ownership where it would benefit you! The messagte needs to be sent to these poor suckers walking into a presentation in a protest fashion. The problem is people are hooked on the free $100 gift card that comes along with the presentation as an incentive for going and then later on they get weak minded and succumb to the pressure of the salesmen.

I'm not supporting timesharing one way or the other .... I'm merely stating facts concerning the maintenance fee process. I previously owned 9 timeshare weeks but sold them all before the great recession (thank goodness). Only one was bought from a developer .... the rest were resales. We have been posting in these forums for years to buy on the resale market (you're evidently new here).

We regular posters have also been telling people to never go to timeshare presentations but many go for the free gifts (as you stated) and then get convinced into buying. But the salesperson doesn't hold a gun to your head and make you buy .... that's a choice you make yourself (it's called free will). After all, you are the one that signs your name on that dotted line. And whatever you're told verbally in a presentation holds no legal value .... only what's written in your contract is of legal value.