Is timeshare a scam?

[vacationtime1]

No, there is a responsible, correct and legal way to 'give it back'. If someone choses to go the no pay route, then that person is much different than the Timeshare scam industry. Honoring a contract that a person signed is important, not doing so only shows that person is basically in the same pool.
So, here's a little education for you. A very simple three step process gives it back to 'them' and the person will be out in as little as 10 days or fewer or max 4 weeks, depending on Program type and particulars.
However, by CONTROLLING the process and doing it correctly, which is simple to do, you can recover some value or money as in renting for the current cycle that's paid for, collect them money, then ISSUE THE TERMINATION. See the difference ? One is a breach of Contract and leads to headaches, the other and proper places Control where control of outcome actually is (by Law), and allows for recovery of some money or value (in many/most) instances AND as stated takes a MONTH or less not 12/18 months through the foreclosure process and subsequent problems which arise from that.
That's the difference. Understanding vs. not understanding or perhaps deliberate improper 'advice'!
I'm happy to explain in person to anyone who would like to learn?

. . . if it were only so easy.

No, I don't "See the difference". Probably because there isn't one.

 

[WorldT]

No, there is a responsible, correct and legal way to 'give it back'. If someone choses to go the no pay route, then that person is much different than the Timeshare scam industry. Honoring a contract that a person signed is important, not doing so only shows that person is basically in the same pool.
So, here's a little education for you. A very simple three step process gives it back to 'them' and the person will be out in as little as 10 days or fewer or max 4 weeks, depending on Program type and particulars.
However, by CONTROLLING the process and doing it correctly, which is simple to do, you can recover some value or money as in renting for the current cycle that's paid for, collect them money, then ISSUE THE TERMINATION. See the difference ? One is a breach of Contract and leads to headaches, the other and proper places Control where control of outcome actually is (by Law), and allows for recovery of some money or value (in many/most) instances AND as stated takes a MONTH or less not 12/18 months through the foreclosure process and subsequent problems which arise from that.
That's the difference. Understanding vs. not understanding or perhaps deliberate improper 'advice'!
I'm happy to explain in person to anyone who would like to learn?

The whole point of this forum is to educate everyone here on how to navigate the timeshare industry. No need to dispense the knowledge to only a few. So please educate us because I don't see the difference.

 

[WaikikiFirst]

go down the list of things colleges either by choice or by law take a lot more seriously than they did in like 1960.

LOL. I won't start describing the things I saw / heard of people doing in 1980 "on campus" (and even off campus) that ended up with nothing more than the Campus Police telling them "Don't do that again. Now get along. And don't forget to study"

 

[WaikikiFirst]

I'm happy to explain in person to anyone who would like to learn

sign me up for one of your rubber chicken dinners. Which motel?

 

[Huskerpaul]

No, there is a responsible, correct and legal way to 'give it back'. If someone choses to go the no pay route, then that person is much different than the Timeshare scam industry. Honoring a contract that a person signed is important, not doing so only shows that person is basically in the same pool.
So, here's a little education for you. A very simple three step process gives it back to 'them' and the person will be out in as little as 10 days or fewer or max 4 weeks, depending on Program type and particulars.
However, by CONTROLLING the process and doing it correctly, which is simple to do, you can recover some value or money as in renting for the current cycle that's paid for, collect them money, then ISSUE THE TERMINATION. See the difference ? One is a breach of Contract and leads to headaches, the other and proper places Control where control of outcome actually is (by Law), and allows for recovery of some money or value (in many/most) instances AND as stated takes a MONTH or less not 12/18 months through the foreclosure process and subsequent problems which arise from that.
That's the difference. Understanding vs. not understanding or perhaps deliberate improper 'advice'!
I'm happy to explain in person to anyone who would like to learn?

Smells a lot like a scammer sales pitch. Why not share with everyone? Why gate keep unless it is to profit?

 

[davidvel]

Smells a lot like a scammer sales pitch. Why not share with everyone? Why gate keep unless it is to profit?

Just another grifter peddling "secret knowledge" that only they know. Probably a shill for an exit company trying to get contact info. Should be shut down if this goes on any further to protect the unsuspecting.

 

[iftravel]

Just another grifter peddling "secret knowledge" that only they know. Probably a shill for an exit company trying to get contact info. Should be shut down if this goes on any further to protect the unsuspecting.

There are websites that sell you a college degree without sitting in class for 4 years. Cheap and easy!

 

[T-Dot-Traveller]

Oh, come on. We know you spent 2% of your time in college actually learning any "skill", other than beer pong & pick-up lines.

"College is more like a country club that also teaches you some things. The value is probably ~80% "being in the club" ... The 18% learning part is not in any way how to do a specific job, or specific skills ... 2% is probably skills that are both directly applicable to a specific job and still relevant by the time you graduate"

The entire thing is bizarre (though possibly true for some degrees I don't want to even think about at some colleges I don't think about), but that "still relevant by the time you graduate".

It would seem then that 80% of the cost of college is just money down the toilet? It is money spent on nothing other than possible clout? An old boys club. If they only charged for the other 20% that really mattered, then students could come out with the skills they really need for a lot less money.

Back in the day The value could all be to the parent - who got a teenager out of their house. [ now days however they return like boomerangs]

I recall this "old school' joke from an unknown comedian
Kids are different these days - " When I was a kid my dad gave me 3 options when I finished high school "
1) Go to college
2) Go get a job
3) Go join the military
{Comedian} - notice the emphasis in the word - GO !!

 

[chapjim]

That's real impressive, you have deep knowledge and insights if all true. I'm impressed and would love to know how you do what you do. We are no longer timeshare Owners, and never plan to be again, it's your use of the system that I find intriguing.

If true, you should remove the resorts from your Resorts Owned list.

 

[wmgjr]

Timeshare could fixed with one simple law from Govt. Let people with paid off timeshares out at a very low cost. (not set by the timeshare co.) There would be no reason for exit companies and there would need to be value for owning one.
Government for the people. --- DEAD
Government for companies paying to get them elected ---- Alive and very prosperous.
One could make a lot the same argument about college but i think the article was supposed to be mainly about timeshare.

Resale market disappears completely.
This would fall into good intentioned policy with very bad outcome

 

[wmgjr]

Don't take out $200k loans for a job that only pays you $40k a year.

A see this rhetoric often.
What's missing is those jobs that cost 200k and pay only 40k are the result of government intervention for both good and bad.

Good because it allows people to choose what theyre passionate about and more aligned with their capabilities (everyone cannot become and engineer or doctor)

Good because PSLF provides a steady stream of employees into social education and other sectors of the economy that would be abandoned without the incentive and pure drive for highest pay

Good because there's a time limit (imo too long) but 10 years and 200k forgiven? That's essentially free college by commitment to community especially if the required payments during the 10 years is 0 or close to it.

Bad because government intervention instead of free market capitalism may be what's keeping those salaries low during the 10 year period

Bad because 10 years of low pay affects financial independence and sets a tone for future earnings

Neutral take away is most the people I know who get discharged by PSLF leave the low paying role and start their own business or get better jobs leading to much higher salaries which makes the program seem like a good trade off.

Not a deal I would take but I'm pro 'wide base of educated citizens' and I actually thought pre reqs like communication and prepositional logic were highly valuable.

 

[austdav]

Resale market disappears completely.
This would fall into good intentioned policy with very bad outcome

Any timeshare that is worth anything would still be sold on the resale market. You would not give something back that's worth several thousand dollars. In fact it could increase the value of the ones that are left because there are fewer for sale. I believe there is a section for people interested in buying certain timeshares here on this sight also. There are just to many people that are unable to get out from what they own and that's the scam.