Credit crisis spreads to timeshare industry

The credit crunch is hobbling the U.S. timeshare industry, which has more units in Florida than any other state. Full Story
Pinkslipthenewbl ack

Fort Lauderdale, FL

#1 Jan 18, 2009
What? Bailing out timeshares? Give me a break.
Bubba

United States

#2 Jan 18, 2009
No sympathy here!
Ralph Kramden

AOL

#3 Jan 18, 2009
For openers, timeshares are a lousy deal. Plus, anyone who can't pay cash shouldn't be buying one anyway.
extimeshare sales rep

Deerfield Beach, FL

#4 Jan 18, 2009
GOOD LET THIS INDUSTRY GO TO THE GARBAGE ALL THESE PEOPLE WHO ARE INVOLVED IN TIMESHARE SALES ARE HIGH PRESSURE DRUG ADDICT SCUMBAGS THAT RIP PEOPLE OFF WITH ALL THEIR BS AND LIES TO GET THEM TO BUY A TIMESHARE.
Sucker Bets

Miami, FL

#5 Jan 18, 2009
Timeshares are a stupid investment to begin with.Now the economy is catching up. If people aren't buying houses, how much longer will they still be buying worthless timeshares.
Mary

Cotati, CA

#6 Jan 21, 2009
Timeshare owners are happy and enjoying the fact they invested in their vacations. They will be able to afford their vacation in this economy. Many vacation destinations will be really grateful for their timeshare visitors' spending money at their resorts, restaurants and tourist attractions. The hospitality industry is embracing the timeshare concept more everyday.
A timeshare is an investment for quality time, not for profit.
MaryIsAfake

United States

#7 Feb 12, 2009
Mary, kiss off.
Tom Hefner

Hopewell Junction, NY

#8 Feb 26, 2009
I am willing to bet Mary is an RCI employee. RCI has taken millions of people on a big ride all these years. I hope they choke and future generations are saved from the timeshare cancer...
Betzabeth Taylor

Mclean, VA

#9 Nov 18, 2013
Timeshare cancellation is the real solution to get out of a timeshare. When properly cancelling a timeshare, there is no further strings attached to the resort. It is important (however), to know the rules of timeshare cancellation. There are lots of companies that just want to make an easy buck and will even guarantee to recover all monies paid... if you pay them an upfront fee. This is an extension to the original scam. Never pay upfront to sell, rent, donate or cancel a timeshare contract. Do your homework and investigate the company you will choose to assist you with the cancellation of your timeshare contract as there are many who will tell you (what you would like to hear in order to empathize with you and get your business.) whatever necessary to get more money out of you. These are the rules of timeshare cancellation:

http://www.timesharescam.com/blog/166-rules-o...
Jennifer Williams

Mazatlán, Mexico

#10 Feb 19, 2014
Not all time shares are bad, actually, a time share can be a good purchase for someone who does enjoy revisiting the same destination each year. However, vacation properties are not for most people, being that they only seem to work for people with very specific vacation desires. Time shares are not for people who like to enjoy trying a new vacation spot each year, nor for people who like to travel spontaneously, or families who do not use to stay at expensive resorts. http://www.timesharescam.com/
moon

Greenwood, AR

#11 Tuesday Jan 13
There is something fishy about blue green time share when there ceo john melony. Is making over 2mm annually. There are no ceo making and are worth that kind of money. The time share business is a ponsi scam. There is no resources for getting out of a time share. It's a socialistic businesses that needs government support for owners there are no ownerships just a scam con game to trap people in a organisation to extortion. Please iam not understand the owners are well aware of there diobolic mofi ponsi business practices. Our government should step in and shut down there business practice. There are no other real estate professional and practice going on in the USA IS THIS RUSSIA CHINa Japan, operating like a scam is only death to its customers. Enjoy your stay in the future. .
Sandy

United States

#12 Tuesday Jan 13
moon wrote:
There is something fishy about blue green time share when there ceo john melony. Is making over 2mm annually. There are no ceo making and are worth that kind of money. The time share business is a ponsi scam. There is no resources for getting out of a time share. It's a socialistic businesses that needs government support for owners there are no ownerships just a scam con game to trap people in a organisation to extortion. Please iam not understand the owners are well aware of there diobolic mofi ponsi business practices. Our government should step in and shut down there business practice. There are no other real estate professional and practice going on in the USA IS THIS RUSSIA CHINa Japan, operating like a scam is only death to its customers. Enjoy your stay in the future..
I inherited a time share 15 years ago and have never been there.
I have banked every week (2 a year) with RCI and go to FL twice a year for $189 + maintenance fees ($759 total for both weeks). I pay $189 for the trade.
Since I never had to actually pay for the timeshare I am in a good position as I only trade for Gold Crown Resorts usually in the same 2 cities every year.
Paying roughly $1150 to go on 2 vacations is not a bad deal.
I soak in the pool as I watch the sharks attempt to sell visitors a week at their Resort.
Because I am also in sales (nothing like timeshares) I watch their demo and know their process.
I will watch the sharks pass and know in 3 or 4 minutes they will be standing on the balcony over the pool. I guess that's where they close their intended victims.
It's funny as after I check in I am instructed to go to the table to get my parking pass. At this counter is where the sham starts. They tell me they still have an opening for a free breakfast buffet. Once I tell them "no thanks" they start offering me free $50 credit cards. Still I say "no thanks". Then the next morning I will see my phone flashing. They have left a message and they again try to sign me up for a meal/demo.
I just ignore them and smile while enjoying their property.

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