The Timeshare Tourniquet

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

In the days of Yore, when many of us met up the first time, Timeshare Economics meant how we went about acquiring timeshares economically. We talked about resales, association weeks, foreclosures, etc, for the purpose of buying them.

Nowadays, when you look at Timeshare Economics topics:

http://www.timeshareforums.com/forum...ost&order=desc

It's hard to find a "positive" discussion.

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

A reply from one of our resorts:

To respond to this question - we do not have a section in the newsletter for owners wishing to advertise their week. Unfortunately so many owners are looking to give away their units at this time, the newsletter would just be overwhelmed with 'sellers' and no buyers. We are looking at alternative programs which may give owners an avenue to relinquish weeks but it is taking some time. I will make sure you are on a list of owners wishing to get rid of their weeks and contact you should I have further details.

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

A reply from one of our resorts:

To respond to this question - we do not have a section in the newsletter for owners wishing to advertise their week. Unfortunately so many owners are looking to give away their units at this time, the newsletter would just be overwhelmed with 'sellers' and no buyers. We are looking at alternative programs which may give owners an avenue to relinquish weeks but it is taking some time. I will make sure you are on a list of owners wishing to get rid of their weeks and contact you should I have further details.

There you have the real problem......The problem isnt that there is no secondary market, there is...Every day lots and lots of timeshares get sold on ebay, and redweek and through the various brokers out there. The real problem is that there are some timeshares that wont sell at any price. Even the HOA knows that nobody wants to own there. (not nobody, but enough that they cant handle the number of folks that want to or need to sell). And even for these difficult to impossible to sell timeshares, there is a market. Its just that the price is a negative number, ie you have to pay someone to take it.And what the buyer does with it is not always good for the hoa. It seems to me that by not taking it back your HOA is digging themselves a bigger hole

Since I blame the HOA, it is only right that I think that each HOA has to solve its own problem. and refusing to take deeds back only makes it worse for them....I mean would they rather control the deeds, or would they rather they go to a viking ship?

I have an answer, but its not a universal solution,it has to be implemented on a resort by resort basis, and the individual HOA's have to take the lead. They cant just stick their head in the sand like yours and say "its too hard, so we arent doing anything"

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

Each resort is different, but this situation is way past blaming it on poor resort quality, without documentation.

The one that sent me the message (posted two above) is very different. Most of the units are fully owned or fractionals. The IOA is a small component and reports to the HOA.

It operates hotel-style, with a fulltime staff and front desk. There already is a rental program.

We bought two of our three weeks from the association and the other one was a foreclosure 22 years ago.

One can only suspect how many resorts "Unfortunately so many owners are looking to give away their units at this time," applies to . . . but enough that it is an appropriate discussion on a Timeshare Economics board.

I have had replies to all of our cl ads, and have had some good prospects, but something has always dinged the deal . . . things related to timesharing.

We've discussed this before, that the reason associations/resorts don't do deedbacks is that they are afraid of the avalanche it may create. So, instead, they force owners to keep something that the resorts admit they do not want, and force them to continue funding the resorts by threat of litigation and liens on other property.

And somehow we are to accept that, that that is a good thing?

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

Just to take a breather, and recap, for those new to here or who find this thread looking for help getting rid of their timeshares, my wife and I began timesharing the traditional way, tours to get gifts, 25 years ago. We have owned 10 weeks, have been in II and RCI, and have made been on over 150 exchanges. I have been on Internet timeshare forums almost every day for more than 15 years. We currently own 6 weeks, 3 at each of two different resorts.

2011 was the last year we had a need for or used any of our six weeks. As many advise, we bought (a house) where we like to go, and live there half the year. We live in another vacation destination the other six months a year.

So, for the last three years we have paid all of our fees and the only use we have had with our timeshares has been stuff I've had to spend time on trying to recoup some of our fees. They have been advertised for free in some prime locations for the last three years.

If I have any purpose left in the world of timesharing, it's to help owners who want out find a way out, much the same as I once spent some of every day helping owners who want in find the best way in, help other owners find good places to trade into, help uncover the mysteries when things were held to be proprietary, and evaluate the diminishing exchange inventory in our favorite location, SW FL.

I am around people in the timeshare industry in a popular timeshare destination almost every day. I have a seasonal job and get a paycheck from a company that developed timeshare resorts, but I have never worked in the industry.

I believe what I am doing now is more important to the survival of the industry the total of all I've done the past 25 years.

But, when you're up to your ass in alligators it's sometimes hard to remember that your original objective was to drain the swamp.

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

And when did you take a breather (by your own choice)? I don't know who advised you to buy a house, and a second house, where you want to go---but usually we recommend you buy a timeshare where you want to go. Apparently you didn't listen or maybe mis-listened and now you continually annoy many of our members with your tale of self imposed problems. Maybe it is time for you to take a breather.

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

Just one thread on a board with dozens of forums and threads, which I leave alone, m/l.

Why would anyone who is in love with their timeshare, or anything, even bother to read a discussion of how to get rid of them/it?

Have a nice holiday everyone.

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

A reply from one of our resorts:

To respond to this question - we do not have a section in the newsletter for owners wishing to advertise their week. Unfortunately so many owners are looking to give away their units at this time, the newsletter would just be overwhelmed with 'sellers' and no buyers. We are looking at alternative programs which may give owners an avenue to relinquish weeks but it is taking some time. I will make sure you are on a list of owners wishing to get rid of their weeks and contact you should I have further details.

Regardless, that's an amazing admission from a large resort's GM.

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

If I have any purpose left in the world of timesharing, it's to help owners who want out find a way out, much the same as I once spent some of every day helping owners who want in find the best way in, help other owners find good places to trade into, help uncover the mysteries when things were held to be proprietary, and evaluate the diminishing exchange inventory in our favorite location, SW FL.

I am around people in the timeshare industry in a popular timeshare destination almost every day. I have a seasonal job and get a paycheck from a company that developed timeshare resorts, but I have never worked in the industry.

.

So not only are you now biting the hand that feeds you today, but you're also biting the hand that provided
you with wonderful vacations for the past 25 years.
How ungrateful can you get?

Seriously, is that all you can find to do with yourself?

If your employer finds these threads you may just get yourself fired.
It wouldn't be that hard to figure out who you are with all your life's details here and on google for all to read.

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

Do I detect a North Carolina accent?

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

Is it the laughing ?

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

Everyone have fun tomorrow and stay safe.

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

Israeli exit strategy law gets watered down by timeshare club developer:

http://www.haaretz.com/business/knes...emium-1.470754

But, at least a government recognized the problem as being real, and acted on it.

In short, owners could pay a fee to give back what they paid a fee to get.

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

Ok so Im new here... I dont get it

Some one here advised JLB to buy a vacation home, and sell his timeshares? So he did that. He bought a vacation home and sold his timeshares. Whats the problem?? except it doesnt sound like the advice I expect on a timeshare owners forum

I cant tell if he is taking issue with those of us that say its difficult to impossible to sell a timeshare (I sold mine, you can sell yours too)
Or if he recognizes the difficulty and really wants to help the rest of us

If its the latter, stop asking questions, and share the secrets of your success. If its the former....well thats just wrong. Some timeshares are difficult to get sold. And there is no easy answer, at least not until the HOAs each establish their own sales and rental departments

And by the way I bought my timeshares for the specific purpose of using them as my vacation home and if I keep buying to use as my full time residence. Ill become a snowbird and use my home here in Paradise (sunny SW Florida) in the winter....and as far as an exit strategy...I expect to die owning them. They will become the problem of the various HOAs

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

Ok so Im new here... I dont get it

Well since you are new let me just give you the Cliff Notes version.

JLB used to love TS's cause he could trade his mugwump swamp units for SW Florida beachfront snowbird season units
on a 1 to 1 basis. Then the evil empire RCI decided to devalue his units so he could no longer get SW Florida.
That's why he is so fixated on SW Florida. Of course I am too and so are you since you live there.
I just decided to buy into the HGVC system to get what I wanted instead of cry over spilt milk.

He on the other decided to buy a second home which was actually a great decision for him.
Got a great deal on a waterfront slice of paradise and is living happily ever after.... or so you'd think.
But now, now he's angry that he can't sell or give away his units without paying a hefty fee to rid himself of them.
So he's on a mission to let everyone else know how miserable it is after he spent 25 years enjoying TSs.

Yes obviously this is a problem with owning in mugwump swamp but not if you buy to use in a place where
you enjoy going. That has always been my strategy and own everything but 3 units in FL at places where
I can easily get to if RCI fell apart tomorrow.
BTW, I get better trades in II so if RCI disappeared tomorrow, yes I'd miss them but life would not end
in my TS world.

So that's it in a nutshell.
He's now unhappy with TSing, so wants the rest of the world to be unhappy too.
And he's obviously got way more time on his hands than the rest of us to keep on and on and on and on.....