Re:Timeshares Won't Die. Neither Will Scams
by silverFork on Wednesday November 11, 2026 @10:23AM
(#50454516)
Obviously it has been always a scam. At best, timeshares take the best period of the year that has monetary value for themselves and sell the rest of year which is hard to monetize to simple folks and they get to pay for utilities, taxes and renovation and upkeep... And they can never sell it because a the real estate business that profits from this type of operation will build newer ones and the old ones become undesirable.
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Re:Timeshares Won't Die. Neither Will Scams
by benrothke on Wednesday November 11, 2026 @10:31AM
(#50454599)
Good points. The timeshare companies tout them as great investments.
But if that was the case, people wouldn’t be selling them for $1.
Re:Timeshares Won't Die. Neither Will Scams
by silverFork on Wednesday November 11, 2026 @10:57AM
(#50454906)
Can they even donate them I wonder. It has a cost.
Re:Timeshares Won't Die. Neither Will Scams
by benrothke on Wednesday November 11, 2026 @11:03AM
(#50454979)
The biggest issue is that the timeshare company may have to approve the transfer, and the new owner generally must agree to assume the ongoing maintenance fees and other obligations.
So in short, won't really work.
Re:Timeshares Won't Die. Neither Will Scams
by silverFork on Wednesday November 11, 2026 @11:12AM
(#50455077)
So the owner should refuse payment and that would automatically transfer the ownership back to some entity who knows what... and who knows what happens after that.
Re:Timeshares Won't Die. Neither Will Scams
by benrothke on Wednesday November 11, 2026 @11:19AM
(#50455154)
It doesn't work like that. The timeshare legal departments have written contracts that are completely one-sided.
Re:Timeshares Won't Die. Neither Will Scams
by silverFork on Wednesday November 11, 2026 @11:26AM
(#50455238)
Foreclosure and a hit on credit rating is only way out if it doesnt sell for $1...