If the truth about buying timeshares retail was ever publicized then developer sales would be finished. Unfortunatelly there are too many unsuspecting people on vacation who for $100 will go into the den of thieves and be convinced that $20,000 to $40,000 for a week is a great deal. They will sign, the time to rescind will pass, and they will be financing that mistake for decades to come.
With the current economic situation less people will be able to be financed, less people will be vacationing at places where the sharks "invite" ususpecting lambs to the slaughter, but the big players at big resorts will survive on far fewer sales. I fully expect to see several developers totally quit building new resorts, if not cease sales altogether. Unfortunatelly there will always be more uninformed people thinking they are getting $100 for nothing but 90 minutes of their time, and that $100 moment of greed will be the worst mistake they ever made.
I do hope that all the developers go broke, but like con men, most will find a way to survive.
With the current economic situation less people will be able to be financed, less people will be vacationing at places where the sharks "invite" ususpecting lambs to the slaughter, but the big players at big resorts will survive on far fewer sales. I fully expect to see several developers totally quit building new resorts, if not cease sales altogether. Unfortunatelly there will always be more uninformed people thinking they are getting $100 for nothing but 90 minutes of their time, and that $100 moment of greed will be the worst mistake they ever made.
I do hope that all the developers go broke, but like con men, most will find a way to survive.
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