Timeshare Industry Reeling, Opportunities Exist For Barter Offers
The following story appeared in the
Los Angeles Times, written by Catharine Hamm, it has been
condensed for reader’s convenience…
In 2008, timeshare sales amounted to $9.7 billion. While all the
numbers aren’t in yet for 2009 it’s expected the industry will see
an unprecedented decrease of sales amounting to $4 billion!
That’s unheard of in an industry that has always experienced
consistent sales growth.
But keep in mind that people are practically giving away timeshares
just to be out from under the association fees. Last week on eBay
there were 1,451 sale listings, including a three bedroom in Branson
(MO) starting at a penny.
Owners today are renting their property to cover some of their
costs. The Timeshare Users Group, TUG, has rental lists, and as you
can imagine the timeshare rental market is very competitive with
hotel rooms.
Given the number of units on the market for sale, the opportunities
to acquire them on a barter basis, either for purchase or rental,
are many.
