CNBC story on Timeshares!

[TUGBrian]

This was published today on CNBC. Was interviewed for this and happy to see they mentioned TUG and used some of the interview clips in the story!

 

[rickandcindy23]

What a great video. Very honest look at the current timeshare industry. I wish everyone could watch it and then find TUG and Redweek to buy resale. I love timeshare but resale is the only way to go.

We made two early mistakes buying in the early 1980's at the age of 26 and 28. Naive we were, but we still own at both timeshares we bought from the developer back then. We now own 2 at Twin Rivers in Fraser, CO on the Fraser river (better weeks than we originally bought) and 7 at Val Chatelle (3 summer and 4 ski). I wouldn't know what I know without those two purchases.

 

[Fido Chuckwagon]

We made two early mistakes buying in the early 1980's

Back in the 1980’s, even adjusting for inflation, I’m sure you got some great deals on timeshares relative to what they cost today to buy from the developer.

 

[Fido Chuckwagon]

T

This was published today on CNBC. Was interviewed for this and happy to see they mentioned TUG and used some of the interview clips in the story!

Great interview, thanks for sharing!

 

[TUGBrian]

20,000 views in 2 hours! hope all of those are timeshare owners!

 

[rickandcindy23]

Back in the 1980’s, even adjusting for inflation, I’m sure you got some great deals on timeshares relative to what they cost today to buy from the developer.

Not really. We paid $7,200 back then for a single week 25 at Twin Rivers in Fraser. Now you can get them for free. $7,200 was 10% of what we paid for our house pretty close to the same time. We tried to rescind right away but were told by the developer that we couldn't rescind because we bought the timeshare in Fraser, and if they'd sold it in our house, we could rescind. I didn't know how to find information on it and we felt stuck. Should have walked away and not paid anything more for it. I don't even want to stay there anymore, but we do have two better weeks, including a ski week now, and we use them for PIC in Wyndham, so that's a good thing. Very cheap MF's because there are no amenities.

Val Chatelle, I still love it. It's in Frisco, CO, in Summit County near a bunch of great activities and skiing. Still a beautiful spot for vacation, winter, spring, summer and fall.

TUG 19 years ago was a great place with lots of respectful people who helped us decide what timeshares we would want to own and even helped us with a rental business. Now TUG has some people who despise us as former mega renters of Wyndham, and it's not the same place it was. I love TUG and am devoted to helping people make wise decisions on timeshare purchases.

Even though I really dislike Wyndham Corporate for the threatening letters; vindictive behavior toward us, ie the constant shutting down of our accounts for weeks at a time; the owner resolutions people "disconnecting" us while we are on hold; and their choice not to allow us to deedback our contracts as others can do; the product is still decent for what you get. Especially if you get it for $0 and get contracts with low MF's.

 

[HedonisticEpicurean]

You got a lot of facetime. Congratulations. While it is great for existing timeshare owners to see this, I hope enough people see it and remember the basics when they are approached for a timeshare presentation.

 

[pedro47]

This was published today on CNBC. Was interviewed for this and happy to see they mentioned TUG and used some of the interview clips in the story!

That is an excellent video.

 

[billymach4]

Yes Everyday someone appears in TUG and has just attended a Timeshare sales pitch.
Then there are some people that have passed the recission period.

With the modern day internet and most everyone has a smartphone or internet access nearby...
It is beyond my belief that this sales process (vicious process) continues to perpetuate.

I am glad that many people to find TUG in time to rescind.
Still I am surprised that people continue to purchase without doing research!

HOW? WHY? What year is it? 2024. Power of the Internet!

 

[TUGBrian]

80k views in 6 hours!

 

[timsi]

Great interview Brian, thank you for posting.

Interesting to note that a contract was cancelled after the couple contacted the AG's office. I wonder if this case is unique, or if it happens all the time and we just don't know.

 

[Fido Chuckwagon]

Great interview Brian, thank you for posting.

Interesting to note that a contract was cancelled after the couple contacted the AG's office. I wonder if this case is unique, or if it happens all the time and we just don't know.

I suspect it doesn’t happen in states (like FL) with a heavy timeshare industry and likely lots of political donations.

 

[pedro47]

I thought CNBC was a cable station that is broadcast in all fifty states? Brian, was it broadcast in your neck of the woods in Florida?

 

[Talent312]

...Brain, was it broadcast in your neck of the woods in Florida?

Who is "Brain" or was that perhaps intentional?
CNBC may be carried by all cable cos, but you must subscribe to "extended" service.
.

 

[dioxide45]

Great video. Though there is that mention of the UCF study about 85% of timeshare buyers. Even with some extensive searching and help from someone who had access to research libraries, the actual study has yet to be found.

 

[dioxide45]

Who is "Brain" or was that perhaps intentional?
CNBC may be carried by all cable cos, but you must subscribe to "extended" service.
.

I suspect it was a typo, should have been Brian.

 

[pedro47]

I suspect it was a typo, should have been Brian.

Typo, should have been Brian Rogers. TUGBrian.

 

[pedro47]

I suspect it was a typo, should have been Brian.

Thanks for the correction.

 

[Patri]

Brian, you were great!

 

[rickandcindy23]

116,000 views and going up every minute.

There are a lot of truly clueless people commenting on timeshare in the You Tube comments. You would think that any timeshare, anything resale, you are a sucker for buying into it.

 

[LannyPC]

There are a lot of truly clueless people commenting on timeshare in the You Tube comments. You would think that any timeshare, anything resale, you are a sucker for buying into it.

That's because a lot of people were duped into paying tens of thousands of dollars, with money they don't have, for something they didn't really need. They just needed to vent by posting their comments.

You don't see as many happy timeshare owners and purchasers posting their comments about how happy they are with their purchase. They don't feel the need to vent.

 

[TUGBrian]

I thought CNBC was a cable station that is broadcast in all fifty states? Brian, was it broadcast in your neck of the woods in Florida?

good question, i would have to ask. Ryan the author of the story simply sent me an email this afternoon with the link telling me it was live and ok to share!

 

[moonstone]

I shared the story link to an RCI Members FB group I belong to.


~Diane

 

[pedro47]

116,000 views and going up every minute.

There are a lot of truly clueless people commenting on timeshare in the You Tube comments. You would think that any timeshare, anything resale, you are a sucker for buying into it.

I'm a little disappointed less than 400 Tuggers have viewed this thread.

 

[Erik the Grey]

What a great video. Very honest look at the current timeshare industry. I wish everyone could watch it and then find TUG and Redweek to buy resale. I love timeshare but resale is the only way to go.

We made two early mistakes buying in the early 1980's at the age of 26 and 28. Naive we were, but we still own at both timeshares we bought from the developer back then. We now own 2 at Twin Rivers in Fraser, CO on the Fraser river (better weeks than we originally bought) and 7 at Val Chatelle (3 summer and 4 ski). I wouldn't know what I know without those two purchases.

As a new owner via Syed Resale, I agree 100%. Resale is the only way to go. WKORVN annual for $17k while Abound with the developer would have been $103k. Savings of 84% in purchase and 40% in recurring maintenance fees.