I have to conclude the recent finichal melt down is going to be BAD BAD BAD for timeshares and timeshare owners. What do you think???????
While it can't be good for timeshares, I'd say that would be the least of my worries if a financial meltdown occurs.
Home values, retirement savings, economic effects on living standards, etc would all be more imapcted more significantly than any effect on timeshare ownership.
One of the possible results from the bad economy could be the number of people that can be expected to go into default with their existing ownership and the MF's. While the banks or developers will be left holding the bag on a defaulted loan, the POA and other owners will face dealing with shortfalls in the MF bank account.
I expect we could see some SA's or higher than normal MF's as a result. On the flip side, perhaps the resorts will have more weeks for sale (cheap) through the foreclosure process??
The timeshare companies can twist in the wind.Maybe the govt will bailout the developers of timeshare resorts as part of the $700 bailout courtesy of US taxpayers!