Timesharing...? I can't think of a bigger scam!! - TennisForum.com
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post #1 of 47 (permalink) Old May 13th, 2007, 10:26 PM Thread Starter
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Timesharing...? I can't think of a bigger scam!!

Does anyone here timeshare? Do you know anyone who does?

I tried it way back in the 80s. I bought into a timeshare package in Las Vegas. What a #@*! ripoff!!
But to think that people still buy into this scam, after so many have been proven to be run by scam artists, just blows my mind!!!! And the ones that are legit charge you some ungodly amount for an ungodly length on time.

I just watched a timeshare infomercial for Lake Tahoe. The place looked incredible [as well they usually do on TV or in a brochure...], but overall, how in the world could timeshare possibly work? I can almost see where the rich or well-off could benefit from such a thing. But if you think about it, they have the income to build a summer home or chalet. Then again, maybe it's the rich who own the dummy corporations who offer these loan-shark timeshare contracts?

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A man who stands for nothing will fall for anything. - Malcolm X
Our greatest glory is not in never falling, but in rising every time we fall. - Confucius
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post #2 of 47 (permalink) Old May 13th, 2007, 10:40 PM
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Re: Timesharing...? I can't think of a bigger scam!!

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Originally Posted by RVD View Post
Does anyone here timeshare? Do you know anyone who does?

I tried it way back in the 80s. I bought into a timeshare package in Las Vegas. What a #@*! ripoff!!
But to think that people still buy into this scam, after so many have been proven to be run by scam artists, just blows my mind!!!! And the ones that are legit charge you some ungodly amount for an ungodly length on time.

I just watched a timeshare infomercial for Lake Tahoe. The place looked incredible [as well they usually do on TV or in a brochure...], but overall, how in the world could timeshare possibly work? I can almost see where the rich or well-off could benefit from such a thing. But if you think about it, they have the income to build a summer home or chalet. Then again, maybe it's the rich who own the dummy corporations who offer these loan-shark timeshare contracts?
I have a friend that uses hers and seems to enjoy it but I've also heard some real horror stories. I heard to never buy a timeshare from the agent but buy it from someone that is trying to get out of one because they're so difficult to get rid of.

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post #3 of 47 (permalink) Old May 13th, 2007, 11:04 PM Thread Starter
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Re: Timesharing...? I can't think of a bigger scam!!

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I have a friend that uses hers and seems to enjoy it but I've also heard some real horror stories. I heard to never buy a timeshare from the agent but buy it from someone that is trying to get out of one because they're so difficult to get rid of.
I've heard of countless who initially thought they'd struck gold after signing a contract. Only to discover les than a year later that they could have purchased a house for what they paid.
And yeah, the penalty for breaking the contract is outlandish. That's why I used the term 'loan-shark' when describing the contratcs.
My sister was the last to buy into one some years ago. I teased her about not listening to me and she gets sooo pissed. That was some serious money down the drain!

Be peaceful, be courteous, obey the law, respect everyone; but if someone puts his hand on you, send him to the cemetery. - Malcolm X
A man who stands for nothing will fall for anything. - Malcolm X
Our greatest glory is not in never falling, but in rising every time we fall. - Confucius
The greatest scholars are not usually the wisest people. - Geoffrey Chaucer
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post #4 of 47 (permalink) Old May 14th, 2007, 12:28 AM
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Re: Timesharing...? I can't think of a bigger scam!!

oh, the burdens of people with money to waste.
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post #5 of 47 (permalink) Old May 14th, 2007, 12:33 AM
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Re: Timesharing...? I can't think of a bigger scam!!

Well actually it depends who you buy into.
Marriott offers great Timeshares in Florida. Finding a hotel in which you pay $500 dollars a night isn't as cheap as paying a flat rate of 2000 for maintenance etc. It's like living in a Condo! Maybe you shouldn't buy into such cheap companies, that's probably your problem... go for the brand name.
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post #6 of 47 (permalink) Old May 14th, 2007, 01:36 AM
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Re: Timesharing...? I can't think of a bigger scam!!

(It's so hard typing on this graygreen background. )

My parents have had two timeshares for as long as I can remember. I think they are both Marriott. They go to the place they love every year, same week. It's on the beach. It is two bedrooms, and a sofabed iin the living room if more than four go. Living room, dining area, and a good kitchen with appliances, dinnerware, etc. One bathroom at each bedroom.

My brothers usually go, and golf, etc.

Then they have another one that they "bank" which means they trade it in every year and go somewhere else. There is a long list of places they can choose from, and they can go any week they want, assuming there is one banked that is available. They use this one when they plan to go somewhere else, such as to visit relatives or a specially-planned trip. Once I went with them to Cancun - very nice place. I guess this one is Marriott also.

They also get a lot of bonuses when they bought them, such as Marriott points that they can be used at hotels, and bonus week(s) that can be used at other Marriott timeshares anywhere.

I don't think they were very expensive. They found deals when buying them, and of course they can sell them for close to or maybe more than what they paid.

So I'm not really clear on what type of problems you had, but I can tell you a lot of people are happy with the timeshares they have. Maybe try Marriott, if you have had bad luck with others. OBviously you have to choose a reputable company, and you should get recommendations/feedback from others who have experience with the company.
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post #7 of 47 (permalink) Old May 14th, 2007, 03:24 AM
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Re: Timesharing...? I can't think of a bigger scam!!

Quote:
Originally Posted by RVD View Post
Does anyone here timeshare? Do you know anyone who does?

I tried it way back in the 80s. I bought into a timeshare package in Las Vegas. What a #@*! ripoff!!
But to think that people still buy into this scam, after so many have been proven to be run by scam artists, just blows my mind!!!! And the ones that are legit charge you some ungodly amount for an ungodly length on time.

I just watched a timeshare infomercial for Lake Tahoe. The place looked incredible [as well they usually do on TV or in a brochure...], but overall, how in the world could timeshare possibly work? I can almost see where the rich or well-off could benefit from such a thing. But if you think about it, they have the income to build a summer home or chalet. Then again, maybe it's the rich who own the dummy corporations who offer these loan-shark timeshare contracts?
Some people still falls for the Nigeria scam, I don't know why you are surprised, human stupidity gets worse and worse and when you throw greed in the mix it becomes brain damage.
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post #8 of 47 (permalink) Old May 14th, 2007, 03:56 AM Thread Starter
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Re: Timesharing...? I can't think of a bigger scam!!

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Some people still falls for the Nigeria scam, I don't know why you are surprised, human stupidity gets worse and worse and when you throw greed in the mix it becomes brain damage.
True. They'll always be suckas out there to take advantage of. Not to mention the ever-changing face of the grift.

Be peaceful, be courteous, obey the law, respect everyone; but if someone puts his hand on you, send him to the cemetery. - Malcolm X
A man who stands for nothing will fall for anything. - Malcolm X
Our greatest glory is not in never falling, but in rising every time we fall. - Confucius
The greatest scholars are not usually the wisest people. - Geoffrey Chaucer
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post #9 of 47 (permalink) Old May 14th, 2007, 04:03 AM
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Re: Timesharing...? I can't think of a bigger scam!!

I have one.

but it's an hour away from my house near the water and I get to use it all year.

but it is a scam......however, a lot of times only thing left is to make the best of it.
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post #10 of 47 (permalink) Old May 14th, 2007, 04:15 AM
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Re: Timesharing...? I can't think of a bigger scam!!

i think the idea of paying for something all year that you can only use 3 weeks out of the year seems REALLY REALLY retarded. why not put that money into a high yield savings account and then go on your vacation 3 weeks a year that seems A LOT cheaper.

"racism is dead, it died when MLK walked on a bridge and freed the slaves. Now we have a socialist Kenyan president who is not an American and if anyone mentions race they are a reverse racist (while racism is dead, reverse racism is alive and well.) #whattheyteachyouatfox"
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post #11 of 47 (permalink) Old May 14th, 2007, 04:28 AM
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Re: Timesharing...? I can't think of a bigger scam!!

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i think the idea of paying for something all year that you can only use 3 weeks out of the year seems REALLY REALLY retarded. why not put that money into a high yield savings account and then go on your vacation 3 weeks a year that seems A LOT cheaper.
I only did for tax purposes just didn't work out as beneficial as I hoped.
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post #12 of 47 (permalink) Old May 14th, 2007, 04:31 AM
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Re: Timesharing...? I can't think of a bigger scam!!

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I only did for tax purposes just didn't work out as beneficial as I hoped.
i dont know anything about taxes, how would that have helped your taxes?

"racism is dead, it died when MLK walked on a bridge and freed the slaves. Now we have a socialist Kenyan president who is not an American and if anyone mentions race they are a reverse racist (while racism is dead, reverse racism is alive and well.) #whattheyteachyouatfox"
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post #13 of 47 (permalink) Old May 14th, 2007, 04:36 AM
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Re: Timesharing...? I can't think of a bigger scam!!

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i dont know anything about taxes, how would that have helped your taxes?
mortgage interest
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post #14 of 47 (permalink) Old May 14th, 2007, 04:42 AM
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Re: Timesharing...? I can't think of a bigger scam!!

I just look at the commercials on The Tennis Channel and I've always wondered who would actually do it.
Well now it seems I got my answer.
They should do a WTAworld timeshare commercial for The Tennis Channel, this way maybe more people would be duped into doing it.

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Black head coaches in the SEC=0
Something needs to change.
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post #15 of 47 (permalink) Old May 14th, 2007, 04:48 AM
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Re: Timesharing...? I can't think of a bigger scam!!

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Originally Posted by Rocketta View Post
mortgage interest
i'm sorry can u explain that to me in more detail... as i dont really know anything about how the tax system works.

"racism is dead, it died when MLK walked on a bridge and freed the slaves. Now we have a socialist Kenyan president who is not an American and if anyone mentions race they are a reverse racist (while racism is dead, reverse racism is alive and well.) #whattheyteachyouatfox"
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