Timeshare Prices Plummet to $1
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My wife and I were on vacation a few years ago down in Destin Florida where we had a Condo rented for a week. While at the resort we were approached by a staff member and we were offered a free $50.00 gift card and a free dinner if we would take one of those Time Share Tours and we bit. The nice lady took us on a tour of the condo room we would be buying or she thought.
After the tour we were taken to a room filled with tables and other prospective buyers that reminded me of a new car dealership. They were asking $16,000.00 and they really put on a good pitch until I said that was too much money so the nice lady lowered the price down to $12,000.00.
Not only would we have to pay the 12K but the yearly maintenance fee was $850.00 a year plus taxes and insurance.

I finally told the lady we were only here for the $50.00 gift card and free dinner, after I said that the nice lady turned into a complete ass. I will not tell the rest because I sort of got out of control but I received my freebies.

The same thing happened to my wife and I last year in Charleston South Carolina. We were walking down the street in the historic district when we were approached by two young ladies I thought were college students. We were offered a $50.00 Bass Pro Shop gift card if we would take a one hour Time Share Tour and of course I accepted. We also explained to the ladies were not going to buy anything and the only thing I wanted was the gift card and they agreed. I will not tell the part where I was escorted out of the condo by security but I still received my gift card.

http://finance.yahoo.com/news/timeshare-prices-plummet-to--1.html

















Latest Activity: Apr 06, 2012 at 8:57 AM


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up2sumptin commented on Friday, Apr 06, 2012 at 09:19 AM

Tell them what I tell them at the end of the pitch. I don't go anywhere without my dog. Do you allow dogs in your time share (the answer is usually no)? You don't oh well I couldn't possible buy it if FiFi isn't allowed.

Iknowyou commented on Friday, Apr 06, 2012 at 12:18 PM

I always tell them up front, I'm here for the free gift and I only give them one hour and I get up and leave.

sebekm commented on Saturday, Apr 07, 2012 at 11:25 AM

My son and his wife actually bought one a few years back - after I counseled against it (my kids never listen to me).

Everyone I know who ever bought a time share was trying to get rid of it and cut their losses after less than 5 years. My son and his family live in Alaska, and they believe the TS facilitates their travel, leisure time and vacations a lot better than if they were paying for everything out-of-pocket and ala carte. His daughter-in-law and family used some of his time share "credits" in Las Vegas a few months back and THEY had a great time for about a week.

I told my son that oftentimes perception is reality, and if he thinks he's making out better than he would otherwise (for himself or for his extended family) then good for him. But it's not something I would do. I guess I'm just too risk-averse.

Iknowyou commented on Monday, Apr 09, 2012 at 09:13 AM

For what the maintenance fee, taxes and insurance cost you could take a nice vacation anywhere.

sebekm commented on Tuesday, Apr 10, 2012 at 15:34 PM

That's what I told him. Apparently what he owns are "credits" for "timeshares" that are located throughout the country and he claims that what he has paid/continues to pay is far less than if he took those "vacations" ala carte (i.e., on his own w/o the timeshare situation).

To me, you're forced to use the credits/take the "vacations" in order to get your money's worth, and the inconvenience and obligation to do that takes away the spontanaeity I value now that I'm old. (I spent a lifetime traveling here, there, and everywhere and have no need to see any more "wonders of the world" or archaeological digs. After awhile, it all looks the same. Even the babes on the beaches now look to me like one big sun tan.)

But on the timeshares, he's as stubborn as I am and he says he's getting a "great deal." So I just say "perception is reality and if you think so, good for you."

I'm just wondering what he'll say in 10 years.

Iknowyou commented on Wednesday, Apr 11, 2012 at 08:19 AM

With age comes wisdom.


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