Yet another reason why I would NEVER buy a time share! Not that I needed another reason.
Why on earth would anyone ever take out a loan to buy the right to use a hotel room once in a while, when they still have to pay a useage fee, and pay for the all inclusive for each visit?
When we book our trips to CZM, the biggest part of the expense is airfare. Are these people that buy time shares actually saving money by making loan payments and paying the fees and all inclusive charges over just renting a room for a week every now and then???
What happens if after buying the timeshare, another hurricane blows through and wipes the place out? Is there any guarantee that they'll rebuild? What options would a time share owner have in order to try and get their money back if the owners of the resort choose to take the money and run rather than rebuilding?