Iggyearl
TUG Member
This article points out the fragility of the timeshare sales model. Most developers get 40% of their sales from "new" customers. Those are people on vacation, who accept a gift in return for 90 minutes of their attention. Then, Boom - you know the rest of the story. But those prospects aren't showing up, and they may not show up for a long time. Those that do may not be in a position to commit to a financial contract. Additionally, many current owners are day to day on their finances. Will they continue to pay their maintenance fees? It will take a while for the dust to settle, but I am not going to be scouting timeshare stocks. Are you?