Timeshare Market Changes
Dramatically!
Al
Lewis, a syndicated business writer from Denver, recently wrote a
story on the changing timeshare industry which the Tuesday Report
covered last week when reporting on Marriott International�s
decision to leave the industry.
According to Lewis, the recession has ravaged the timeshare market
and there are no signs of any more free-spending buyers. Lewis
contends that anybody who buys a timeshare from a developer is the
victim of an aggressive sales seminar. Today, it�s quite easy to go
online and find thousands of timeshare owners trying to sell their
timeshares for a fraction of what they paid. Lewis says he sees them
listed for $1.00
Timeshare owners today are increasingly not paying their annual
maintenance fees, which forces resorts to hike fees on the owners
who still pay. A classic catch-22 position that could see fees going
even higher.
How
bad has it gotten? Lewis says there are now seminars for timeshare
owners telling them how lousy timeshares are, how they�ll never be
able to sell it, and that their children will be burdened with it
for the rest of their lives. Then, finally, the final pitch � give
them your timeshare and $3,000 to get it off your hands. Welcome to
the changing timeshare world.