Dear Timeshare Developers:
I’d appreciate an honest answer from any of you.
Why do you not buy back your own product when it’s being sold for $1,000, $100 or $1.00 on the secondary market when you can turn around and sell it the very next day or week for whatever grossly inflated price you do each and everyday to unsuspecting consumers?
It’s not like we’re talking about a product that deprecated due to rust or even the fact that it’s outdated. You maintain the product with the owners money and you determine the usage rules.
ARDA just reported that the average price of a timeshare was $22,180.
In under a minute, I was able to find these listings on a reputable resale site:
Marriott’s Desert Springs $4,295
Orange Lake North Village $3,000
Sheraton Broadway Plantation $500
Summer Bay Orlando $0 (not a typo)
It seems to me that you guys could turn a nifty profit by snapping these up and selling them for $22,180 or whatever your salespeople try to get.
But you don’t. Why is that? Are you trying to give the impression that these timeshares aren’t worth anything? Because that’s exactly what you’re doing.