By Jeff Weir, for TimeSharing Today CARSON CITY, NV — A new bill that would require developers to provide additional disclosures for timeshare buyers passed its first legislative hurdle in the Nevada Senate March 2. But not without some injuries. As amended by the Judiciary Committee, Senate Bill 195, authored by Sen. Becky Harris (R-Las […]
read moreConsolidation. Growth. Unsolicited calls from travel clubs. Increasing maintenance fees. Turbulence in the resale market as older owners drop out. Plus, big changes in Washington, D.C. (and elsewhere) that could impact the entire timeshare travel universe. With all apologies to the cliché about death and taxes, there are a half-dozen trends, at least, that are […]
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read moreSeveral developers have adopted deed back programs whereby owners at selected resorts are able to turn back their deeds, sometimes at a cost to the owner. Those developers are also aggressively acquiring defaulted timeshares that are being sold at auction or that can be found online at distress sale prices. The economic motives for this […]
read moreAre you among those timeshare owners who have enjoyed many wonderful years of vacations ownership, but have now reached the point where it’s time to move on? Many owners are no longer able to travel or are living off fixed retirement income and cannot afford the expense of ownership. Some TimeSharing Today members have reported […]
read moreThe March 2016 Consumer Reports includes an article entitled, “Timeshares Come of Age.” The sub-headline states, “These vacation ownership arrangements are attracting younger, more educated, more affluent buyers, thanks to consumer-friendly changes in the industry.” The 4-page article points to the “rocky reputation” the industry was marked by in the mid-1970’s because of consumers being […]
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