I really don't know... I am of the oppinion that the industry is here because of the retail sales that gave these big resorts the money they needed to buy expensive real estate and sell it for top dollar. The timeshare industry confuses me as the "retail" prices ars so high compared to the "resale" market.
This happens because the timeshare industry has some of the best sales people in the world and they can sell something in less then 2-hours to people that people would likely never buy if the sales guy didn't work at pressing the right buttons.
Perhaps a default period with some percentage going back to the developer would be an option. People would still feel thay got a bad deal however as in this example the guy has been trying for several years to stay at a resort he thought he was buying into.
We all know lots of people that got sucked into timeshares because of that pitch and if even 50% were able to get back out we might see some intersting things happen...
Just imagine if these same people started buying on the resale market or renting? The price of the resale timeshares would climb and the develpers would need to lower their prices to compete and find sales. It might be a very strange new timeshare world unlike what we have these days.
This happens because the timeshare industry has some of the best sales people in the world and they can sell something in less then 2-hours to people that people would likely never buy if the sales guy didn't work at pressing the right buttons.
Perhaps a default period with some percentage going back to the developer would be an option. People would still feel thay got a bad deal however as in this example the guy has been trying for several years to stay at a resort he thought he was buying into.
We all know lots of people that got sucked into timeshares because of that pitch and if even 50% were able to get back out we might see some intersting things happen...
Just imagine if these same people started buying on the resale market or renting? The price of the resale timeshares would climb and the develpers would need to lower their prices to compete and find sales. It might be a very strange new timeshare world unlike what we have these days.
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