|
|
|
Timeshare Trap********************************
We have opened a TimeShare Forum for all to leave questions and discuss issues with your timeshares.
********************************
Whether you are looking for a way to get rid of a timeshare you no longer want or are simply looking to see if a timeshare is a good opportunity, you've come to the right place. We have no affiliation with any timeshare companies and therefore can give you the plain truth which is that for 95% of people, a timeshare is a terrible financial move. You can begin with our Timeshare Trap Introduction or look at any of the subject headings of interest on the right side.
If you have questions or comments, please feel free to Email Us with your timeshare trap story or questions.
________________________________
________________________________
Timeshares In The News
Confessions of a Time Share Salesperson
It would have been nice if this piece went more in-depth into how the salespeople manipulate potential buyers and the lies they tell...it only scratches the surface. Still, there are a few points to learn even on the surface:
1. The pitch is scripted for maximum effect
2. A "puke" price is given that is so high the potential buyer may want to throw up. When they start to "deal" all of a sudden an outrageous price doesn't seem so outrageous.
3. They will likely use fuzzy math that makes things look like a great deal, but makes little sense. Entire Article
Offered A Timeshare? Run As Fast As You Can
That pretty much sums up the sentiments we have with timeshares.
The world is filled with remorseful timeshare buyers. As a testament, timeshares can be bought on the Internet for pennies on the dollar. There are more people trying to unload timeshares than there are trying to buy the units. The imbalance gives you an idea of the real value of timeshares... Entire Article Comment Here
Nothing's Changed About Downside of Time Shares
While time share units may be popular today, when it comes to value for your money, nothing has changed on the downside even after 15 years as this article points out. Comment Here
Yet Another Time Share Scam
When making an investment, always be sure you know exactly what that investment is and remember that time shares should never be considered investments:
Missouri Secretary of State Robin Carnahan’s office issued cease and desist orders against four Missouri men, including a former Raymore insurance agent, two Mexican firms, a Panamanian business and a Nevada promoter for allegedly bilking more than three-dozen state residents.
The Missouri investors, ranging in age from 64 to 86, each pumped at least $5,000 into what sounded like a great deal promising a 9 percent to 11 percent return for 25 years.
Only after investing a combined $1.8 million did the investors learn they were buying into timeshares in Cancun, Mexico. The only way they could make money was to rent out their timeshare units... Entire Article
A Member Becomes Time Share Free
It's not often that I get emails where a person is in a good mood since most of them consist of people currently in the middle of a time share trap and desperate to find a way out. So it was with great joy to receive an email about how a member was able to get out of the timeshare trap he found himself in when he first came here through a donation to a charity. You can read about it here
Timeshare Agents Are Experts In Human Emotions
The timeshare sales people are experts in tugging your emotions and play on the fact that you may think you are passing up on a deal that you will never be able to get again. Don't buy it. Timeshares are a dime a dozen and you'll never pass up something that you can't get for a better price on the secondary market no matter what the resort time share sales person says as is shown in this article Comment Here
Is It Unethical To Take Discounted Accommodations & See A Time Share Presentation If You Have No Intentions On Buying A Time Share?
This is a question that was asked when one reported explained how to get discounted accommodations to Disney World. The newspaper's answer: "It really is no different than a grocery store offering free samples. If they don't want people to grab one, they shouldn't offer." Entire Article Comment Here
Loss from the sale of a capital asset held for personal use is not deductible
Ahh, the beauty of time share units. If you have a gain with them (highly unlikely, but if you did) you would need to pay taxes on that gain. If you lose money on a time share resort, you aren't allowed to take a deduction loss. That pretty well sums up the way most things work with timeshares...More Info Comment Here
Should You Keep a Timeshare?
Kiplinger has a short blurb regarding this question:
Two decades may be hyperbole, but the Reillys definitely stumbled upon one of the rubs with timeshares. They discovered the other two when they looked into selling: You may not get back what you paid, and the loss isn't deductible. "If you make money, you pay Uncle Sam, and if you lose, tough luck," says Terry... entire article Comment Here
When Time Share Resorts Don't Upkeep Their Facility
One of the risks in purchasing a timeshare is that the owners may not update the facility to keep it competitive as can be seen in this article Comment Here
Please read our Disclaimer
|
|
Home
Forums
Newsletter