What do you own when you buy a timeshare? Nothing.

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

Reminds me of a guy who once posted on timesharing today's message board. Could it be that he moved from Hawaii to California ?
Is that you Dave ?

[c172driver Junior Member Find all posts View Profile Close c172driver]

Congrats, you are one of the few lucky ones.

LOL, sounds like a disgruntled hotel night manager with nothing to do. I love my points system and am in the market for more. I always loved my membership camping with Thousand Trails, also. Thats just me. If you don't like it, that's just you. No one will force you to sign. Go stay in your local dive motels with meth labs but don't tell me I don't have anything. I have every thing I need when vacationing. I'm in the Disney Contemporary Resort as I type and really wish I was down the road at The Fountains. Just happens my convention is here so stayed here out of convenience. You can have your hotel room!

[chriskre Super Moderator Find all posts View Profile Close chriskre]

I'm in the Disney Contemporary Resort as I type and really wish I was down the road at The Fountains. Just happens my convention is here so stayed here out of convenience. You can have your hotel room!

If you were staying at Bay Lake Towers you'd feel differently. Not that there is anything wrong with the Fountains.

[c172driver Junior Member Find all posts View Profile Close c172driver]

If you were staying at Bay Lake Towers you'd feel differently. Not that there is anything wrong with the Fountains.

I see bay lake towers is for DVC members. Are those suites with all the goodies? I could google, I suppose...

[chriskre Super Moderator Find all posts View Profile Close chriskre]

I see bay lake towers is for DVC members. Are those suites with all the goodies? I could google, I suppose...

Yes it is a DVC timeshare but occasionally it shows up in RCI for exchange so you don't necessarily have to own DVC to get in.
Of course it's easier if you own but scoring a BLT unit is a prize for many an exchanger.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Has e.bram taken on a second persona?

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

No property. You own a piece of paper that tell you that you can vacation at one of their resorts if there is availability. If you find a sucker you can sell your worthless piece of paper, but you own nothing in reality. NOTHING. You own debt that will never end.

Well, maybe you bought vapor, but the rest of us seem to be getting to visit our promised bricks and mortar places. I own a share of several properties, my pieces of paper legally guarantee it.

[shaggy Moderator Find all posts View Profile Close shaggy]

Shaggy, where is this tread going ?

At this point in the conversation he's not giving any information, and how can we help if we don't know what he owns? Now, since we know it's Westgate we know what the problem is --maybe? I actually don't know where this thread is going, so I'm out of it. shaggy

[PHILL12 Senior Member Find all posts View Profile Close PHILL12]

Good answer tonyg and remember most timeshare scammers are in Flordia!

Bottom line is you own percent of something that might not be worth much if you own the deed as we do. It all comes down to owning a use of time in the resort and this is what any timeshare buyer should be buying for and no other reason!

[FloridaGuy Member Find all posts View Profile Close FloridaGuy]

Well, maybe you bought vapor, but the rest of us seem to be getting to visit our promised bricks and mortar places. I own a share of several properties, my pieces of paper legally guarantee it.

You own a contract. You don't anything more.

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

FloridaGuy, I am sorry you are so disgruntled and dissatisfied with your ownership, wherever that may be. Most of us here are savvy owners who have made their ownership work well for them.

I have been a very happy owner for 20 years, and have been able to take almost 100 wonderful vacations with our family and friends. TS ownership has emabled us to take so many trips and visit so many places that would not have been possible without being affiliated with timeshare.

Dori

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

You own a contract. You don't anything more.

Maybe you ought to educate yourself a little more. There are other types of timeshares other than what you bought from Wastegate. If you have a points contract, you are exactly right, but if you have something else you are wrong.

Deeded timeshares in the US, particularly fixed week resorts, give you a deed where you have ownership right in an undivided interest in specific real property coupled with recurring use rights. Many RTU Caribbean timeshares are based on leasehold rights that are superiror in law to a mere points contract. With my South African and Australian timeshaes I have (or had) shares of stock in the ''shareblock'' that owned the real property at the timeshare. The Hapimag timeshare chain in Europe is a points system that operates on the basis of members owning shares of stock in a non-profit company that then owns the actual timeshares. One of my European timeshares operates on a leasehold basis and the other did on a cooperative basis where timeshare members were members of the cooperative that owned the real property.

[hemmiaa9 Banned Find all posts View Profile Close hemmiaa9]

Would-be buyers, on the other hand, should beware that even the price of $0 may not be much of a bargain. A 2010 story about $1 timeshares (yes, some were selling for a buck back then too) noted that in addition to the hefty maintenance fees, new owners might have to pay membership fees, closing costs, “convenience fees” (good luck figuring out what that is), and a portion of the property’sreal estate taxes. If the property expands or does major repairs, timeshare owners may be required to chip in even more money.

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

Contrary to the claim in the OP, the biggest problem with timesharing for those when they are done timesharing, and want to get out, is that they do own something,and are contractually bound to help maintain it.

[Janina Junior Member Find all posts View Profile Close Janina]

timeshare

No property. You own a piece of paper that tell you that you can vacation at one of their resorts if there is availability. If you find a sucker you can sell your worthless piece of paper, but you own nothing in reality. NOTHING. You own debt that will never end.

wow!! you said it the hard way. But still true though