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Re: WALK AWAY FROM TIMESHARE (by R P.):

pattig31 wrote:

oh...and the only reason "millions and millions of people would walk away from their maintenance fee"if I am right....is MILLIONS AND MILLIONS OF PEOPLE ARE NOT GETTING THE VALUE THEY WERE PROMISED for their investment. Obviously by your own statement you agree that there are alot of unhappy timeshare owners out there. Rightly so...it is a scam. Think about it...you pay $500 maintenace fee for 1 WEEK. How many of us have property that costs $500/week to maintain. So...lets say you bank this property.. then you find out you can't get an exchange. Your week will expire in 2 years...but you can't find an exchange, so you book your own resort (if you can)...but you pay an exchange fee of $200. So your week just cost you $700, and it isn't even where you want to go! This is why they really want you to bank the property...immediately the cost to you of using the week rises by almost 50%. If you don't want to walk away, AND you are not having any luck on exchanges, I suggest you stop paying RCI fees, stop banking your week...and either rent the week you bought, or use it.

I didn't say that there weren't thousands of unhappy owners ... the resale market is evidence of that fact. What I'm saying is that if you signed a contract that no one forced you to sign, then you are legally obligated to uphold that contract or there will be repercussions on your credit rating unless the resort will take deedbacks.

Exactly what value were you promised? Who is forcing you to bank your week? Who is forcing you to belong to an exchange company? I would never buy a timeshare purely for exchanging. That's the worst possible excuse for buying any timeshare.

When we bought our timeshares we bought where we wanted to go (mountains and gulfront/oceanfront) and didn't depend on any exchange company to satisfy our needs. We did MAKE exchanges via RCI and II, but if they had not been successful exchanges we would have simply gone to our owned resorts. It's the educated and informed timeshare owner that will get VALUE from their timeshare(s).

One does not have to be a member of any exchange company to own a timeshare. As I said above, thousands of people simply buy where they want to go every year and don't care to exchange or may make an occasional exchange.

People must learn to research timesharing before they sign on that dotted line. Buying a timeshare (especially developer) is a major purchase like any other major purchase.

Why don't you try buying a timeshare and then stop paying maintenance fees and see what happens. Just because you become disenchanted with something you bought doesn't mean you can just quit paying what your contract stated is due.

The hundreds of $1 timeshares on Ebay are from postcard companies that charge clients $3000+ to take their unwanted timeshare off their hands and then turn around and sell them on Ebay for $1. This is a relatively new phenonenom that came about in the last few years. You never used to see $1 timeshares on Ebay, however this practice HAS devalued all timeshares.