The One Really Big Issue . . .

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

The simple, overly-obvious answer is that all that can be done by those who can be doing something to alleviate the glut of those wanting out of their timeshares, in order to bolster the value to those who do not want out of their timeshares, is not being done.

Who should be doing something? Anyone, group, etc., who's best interest is served by preserving the value to those not wanting out, and to themselves.

[ampaholic Senior Member Find all posts View Profile Close ampaholic]

You know, a simple quarterly news letter to owners where owners could list their weeks for sale would solve 65% of the problem

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This is in effect already being done by many resorts - every one I own at as a "weeks for sale" section or link on their website where owners can list their FSBO week(s) - most are overpriced IMHO.

What really needs to happen is twofold:

A: The 25,000 to 45,000 weeks need to fail to sell - as long as they are selling briskly this will continue an issue.

and

2: A big dog (such as RCI, Walmart, GM etc.) needs to see some value in resale timeshares as a commodity and begin a real resale market - such as exist for real Real Estate.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

This is in effect already being done by many resorts - every one I own at as a "weeks for sale" section or link on their website where owners can list their FSBO week(s) - most are overpriced IMHO.

What really needs to happen is twofold:

A: The 25,000 to 45,000 weeks need to fail to sell - as long as they are selling briskly this will continue an issue.

and

2: A big dog (such as RCI, Walmart, GM etc.) needs to see some value in resale timeshares as a commodity and begin a real resale market - such as exist for real Real Estate.

confusing

[ampaholic Senior Member Find all posts View Profile Close ampaholic]

confusing

I'm sorry you re confused - what needs clarified?

[Hobbitess Senior Member Find all posts View Profile Close Hobbitess]

Love it now or not, sooner or later, everyone with a timeshare will need to get rid of it.

Not necessarily. One of DVC's big selling points is that it automatically expires.

2: A big dog (such as RCI, Walmart, GM etc.) needs to see some value in resale timeshares as a commodity and begin a real resale market - such as exist for real Real Estate.

There is a sense where RCI already has that, with the Endless Vacations option. I keep hoping that DVC will break open the market for people who want to rent TSs -- the Disney boards are full of info on how to rent points, and a fair percentage of people go from there to renting TSs in other venues. Although the vacation home rentals places (VRBO, etc.) are also benefiting from Disney board threads, I think a "name" would make more people willing to take the rental risk. If it turns out the rental you got from an individual isn't going to work out, few options; if your rental from a corporation goes south, odds are better they'll be able to get you another unit.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

...What really needs to happen is twofold:

A: The 25,000 to 45,000 weeks need to fail to sell - as long as they are selling briskly this will continue an issue.
and ....

If the developer weeks don't sell---there are no resales and the resort is in the same bag as if lots of owners were not paying fees. If the developer has to pay the MF under this scenario, bankruptcy would be eventually coming.

[ampaholic Senior Member Find all posts View Profile Close ampaholic]

If the developer weeks don't sell---there are no resales and the resort is in the same bag as if lots of owners were not paying fees. If the developer has to pay the MF under this scenario, bankruptcy would be eventually coming.

I think bankruptcy for the developer would be a side effect.

As long as their are "bamboozlers" selling something worth a few thousands of dollars (a lifetime of pre-reserved vacations for witch you still have to pay MF's) for tens of thousands of dollars there will be an issue.

If someone somewhere is getting something for nothing - then somebody somewhere is also getting nothing for something!

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

That side effect could effectively destroy the resort and cause all owners to lose their timeshares.

[ampaholic Senior Member Find all posts View Profile Close ampaholic]

That side effect could effectively destroy the resort and cause all owners to lose their timeshares.

So you are saying we should support developer sales in order to keep the HOA sufficiently funded to prevent the insolvency of the resort?

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Not really--- but did you ever try to talk a brand new owner into rescinding ? There really is no method by which you can stop all sales as long as they are operating within the law. Also, if no one bought, they wouldn't build them.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

if no one bought, they wouldn't build them.

I knew if we talked long enough, someone would come up with a good idea.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

On the cover of the Sept/Oct 2012 TimeSharing Today magazine there's an article about In-house Rental/Resale programs that includes Acadia Village Resort's new deedback policy which got around 2 dozen weeks back. I particularly liked the resort manager's comment about controlling the inventory and avoiding postcard companies. This is a small resort (39 units) in a good location (near Acadia National Park) with only one other small resort within 50 miles and only about 6 months of high desire tourism.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Yeah, sure, we are way outta line suggesting the industry, some part of the industry, should provide for an exit strategy:

Endless Vacation, Winter 2012, Page 67:

Fighting Fraud

Keeping Our Members Informed

4. Consider calling your resort or club to ask:

. . . Does the resort/club offer a resale or buyback program . . . ?

Sure, they're not shouting if from the rooftops, but they are seeing the same problem we are talking about, and suggesting the same solution.

Yeah, that's in a 2-page article about resale scams.

Hmmmmm!?

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Never mind all this other stuff.

Now there is one really big issue.

The Hostess shelves are empty.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

The postcard that arrived today starts off:

While most Timeshare Disposal firms charge anywhere from $2500 to over $4500, OUR TYPICAL PRICE IS ONLY $585.

Bold red just like the postcard.

Wow! What can I say other than this is fun and we're having it, just like that guy said 20-some years ago.

Oh! Another subcategory of timeshare company: Timeshare Disposal

Pretty much sums up the state of the industry.