Marriott posts $446M 3Q loss on timeshare charges
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#1 Oct 8, 2009
Oh darn, they aren't making as much ripping people off selling timeshares anymore. I feel so sorry. NOT. Time shares were the biggest fraud since AIG perpetuated on the American public. I am so happy that the karma train has come into the station for Marriot. I hope Marriot loses their a++ses for years to come.
#2 Feb 27, 2014
Most timeshare companies are taking advantage of people, often those who are more vulnerable and less able to resist hard sales tactics. I have heard of many cases where maintenance costs rise well above inflation. It would appear the timeshare companies lock people into contracts and then drive up their profits though increased maintenance charges. It would be good to see legislation whereby timeshare companies can only charge "reasonable" maintenance costs and not use this annual fee to fleece people's bank accounts
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