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Old 10-27-2009, 11:44 AM
Location: SW Missouri
15,527 posts, read 29,246,638 times
Reputation: 21264


Originally Posted by firebll31 View Post
It is NOT a real estate investment, since you don't own the property. Works for some people, not for me!
Most people don't realize that owning a condo is not a real estate investment either. You do NOT own your condo unit, you only own the INSIDE SPACE of your condo. The condo association owns everything else. Not too different than time share, except it is lots easier to sell condos. LOL

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Old 10-27-2009, 09:08 PM
Location: Kansas City, MO
5,758 posts, read 9,490,760 times
Reputation: 2791
I just spent a week in Mazatlan, Mexico last week and went on 6 timeshare presentations. For that I received, 3 free tours, a 1 hour swedish massage along with unlimited use of the spa while I was there, about 500 USD in cash, a bottle of tequila, 3 free dinners, and free breakfast each one I went to. It basically paid for my trip. I was never pressured once and simply declined when he sales pitch was over. It was a great way to start the day because I we got a great free breakfast, got to tour lots of amazing resorts, and then had to sit through a 20-30 minutes sales presentation. It was well worth it.
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Old 11-02-2010, 09:06 AM
Location: NW Missouri
58 posts, read 155,707 times
Reputation: 26
Default Oh Really

Never pressured once..you must a timeshare salesperson. My brother owns a timeshare..fully paid for it..Stormy Point in Branson. Well while there he and the wife attended a meeting where they kept telling the salesperson they allready owned one and didn't need another but the crafty salesman actually convinced them they would like Bluegreen Big Cedar so much better and he could sell Stormy Point for a fee of only $39.95 and it would sell in a couple of wks he bet! Now when they declined further he started the "oral" promises (not worth a crap) that it would not cost a thing if they decided not to go with Bluegreen Big Cedar they would get back every single penny they had in it..the $1500 down payment..whatever payments they had made by then etc etc. The written contract stated 10 day cancellation but he assured them they would get every penny back. Long story short they bought in..Stormy Point hasn't sold..when they contacted Bluegreen to cancel Big Cedar the guy says "I don't know anything about getting your money back..your contract says 10 day cancellation".
A timeshare salesperson can say anything they want but it is just crap..read your contract and DO NOT BUY! The internet is full of timeshare owners that can't get the timeshare sold and are stuck with them for a lifetime. You're gonna be paying maintenance fees when you're 95..
Google timeshare complaints or any of the many timeshare horror story sites. Stay at a five star hotel if you want and you'll still be ahead of the game!
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Old 11-02-2010, 11:25 PM
Location: Missouri .
62 posts, read 107,596 times
Reputation: 77
Around 2003 a good buddy who was and is a great musician, gave me a heads up on Timeshare.
Mid January, I was just back from the Bahamas and he said I could make a buck in the Timeshare business. During Bransons off season, any dollar is a good dollar.
Mortgages, rent, child support and food still have to be paid for.
I turned up, told the story, then realised that the time share business was pressure selling. The people listening were there for the free stuff. Its that simple.... personal gain.
The past year has seen time share sales persons severely disadvantaged and many have lost their jobs, likewise the telephone marketing personel, all looking for more profitable methods of paying their bills.
Its tough out here in the real world. Time share, Politicians and scam artists, need to appreciate where the average tax payer is.
Its between a rock and a hard place
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Old 11-06-2010, 09:21 PM
697 posts, read 878,631 times
Reputation: 346
We bought a Branson time share and we are very happy with it. We are well aware it has no equity value and will never have any equity. Furthermore, our salesmen was very clear about that. We bought it for the vacations.
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