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Timeshare Nightmare

June 11th, 2006 at 02:11 pm

Imagine if you purchased a timeshare with a beautiful view and had been promised that the view would never be obstructed only to find out the vacation resort timeshare planned to build another building that would obstruct your view as soon as all the timeshare units in your building were sold. This is what has happened to several thousand timeshare owners as updated on Timeshare Trap. Yet another reason you should always get all promises in writing if you decide to purchase a timeshare (although I highly recommend that you don't)

1 Responses to “Timeshare Nightmare”

  1. traineeinvestor Says:

    This problem is not unique to time share developments. It applies to any property investment - never pay for a view that has the potential to be built out.

    I agree 100% with the advice to get any promises in writing. If a developer/vendor/agent will not put it in writing I start with the assumption that they are lying. In my experience it is an assumption that is ver seldom wrong.

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