While there are things in here that are the classic example of "if it sounds too good to be true, it is", the story does bring up issues that I founded Timeshare Insights on.
Read the comments...lots of under educated people out there. Help spread the word about Timeshare Insights and this blog in particular...we can change the industry...as a matter of fact, we're the only ones who can...
http://elliott.org/what/fine-print-lessons-the-timeshare-industry-hopes-youll-never-learn/
4 comments:
Timeshare industry has a terrible reputation. It’s not a secret that timeshare resorts make a huge percent of their profits out of the timeshare sales, and in most cases the salespeople on the resort use deceptive sales tactics in order to get a sale done. That leaves a big number of people who fell into this scam disappointed and dealing with the problem of how to get out of timeshare. To avoid timeshare scams, people need to know wich ones are the fraudulent resorts, an example of one is El Cid in Mexico: http://www.timesharescam.com/timeshare-complaints-resorts-black-list/5-el-cid-resort-timeshare-complaints/
Jennifer, the timeshare industry does not have a terrible reputation. While there are some truly dispicable people and organizations out there, it is wrong to paint the entire industry as terriblee.
Speaking as a former timeshare salesperson, I can tell you that there are plenty of honest, reutable ones out there. There are also bad ones and those need to be identified and thrown out for good.
Buying a timeshare under the impresion you will save money on the long run on travel expenses such as airfare or cruises equals to being a victim of timeshare fraud. Timeshares will barely provide you a small discount on accomodations and that´s it. Timeshares will not provide you, in most cases, any discounts on your vacation expenses.
Timeshare industry is known for being very susceptible to scams; however, timeshare properties are still a successful business for most resorts. In these times of rough economy, it is important to take care of our money, and timeshares are not in the way to achieve the financial security that we are all looking for.
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