Timeshare Trap

Timeshares are one of the worst investments you can make. This journal is to inform people who are thinking about purchasing a timeshare not to do so and help those trying to get rid of their timeshare.

Wednesday, December 24, 2008

Timeshares and the Bad Economy

The bad economy will have an affect on any timeshares that you own, and that affect will not be good. Even if you have been responsible and have always paid your timeshare fees and timeshare loans on time, you are going to end up paying more because of those people who don't:

1. Your fees will increase. When people stop paying their timeshare fees and their timeshare ends up getting foreclosed on, the timeshare resort loses money. They have to make up that lost money somewhere and it is usually in the form of higher fees for all the other timeshare owners.

2. You will Likely see timeshare surcharge fees: With less of a base to support the timeshare and a credit crunch that is making it hard to finance the timeshare projects the timeshare resorts already have going, you will likely see special surcharges added to your yearly bills to help defray these timeshare resort costs.

3. Your timeshare is worth less: It wasn't worth a whole lot before, but it is worth even less now. Very few people want to buy (or can afford) a timeshare in a bad economy and that means prices of timeshares are falling like a rock to the ocean floor.

These are some of the reasons that the faltering economy will mean your timeshare costs you even more money...

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1 Comments:

  • At 8:08 AM, Blogger Consumer said…

    Watch out for the VILLA group in Mexico... all timeshares are high pressure - then the won't cancel when you try to... or they don't process the paperwork!!! don't get screwed - watch out for sales "person" JASON SMITH - good name for a MEXICO timeshare salesperson, huh? He can lie soooo good!

     

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