e.bram
Guest
Any guesses on how the Market meltown will affect developer and resale TS sales?
Any guesses on how the Market meltown will affect developer and resale TS sales?
That's a colorful way of expressing it, eh ?Just look at ebay and you can see the market taking a dump, especially in Hawaii.
That's a colorful way of expressing it, eh ?
-- Alan Cole, McLean (Fairfax County), Virginia, USA.
The biggest issue will be if Resort Developers keep starting new projects. At this point in time, developers need to buy back a ton of the property on the market and start reselling it.
Timeshares are selling so far below the development cost that this is really a no brainer for developers.
However, if they keep starting new projects as if there weren't an economic and/or financial crisis in this country, then they are delusional and they will destroy timesharing. I hope they take some wise decisions.