Advice for person's wishing to purchase timeshare property. Don't. Wait until the Federal Government gets the hint that this industry must be controlled. Where is the out clause after you have owned and paid in for years? As one ages, one has less of a desire to travel and needs the timeshare less. Meanwhile, the cost of ownership increases every year. Owners realize that they are trapped with something they no longer want or need that is exploding in cost every single year. While the amount owners pay for maintenance fees steadily increases in addition to assessment charges, it has no real value. Sellers flat out refuse to allow owners to walk away even when timeshares have been paid for entirely. These companies, lead by giants like Wyndham refust to take their merchandise back. Ten minutes after they sell it to you, it no longer has any value to them. There is no return policy. The policy is...once we sell it you you, you are stuck with paying for the rest of your life.
Terms change, benefits decrease or disappear that drew you to the purchase in the first place. Where is the out clause? Are owners doomed to pay the bills of the corporate fat cats forever.
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