Timeshares got their start in the late 1970’s. This was when drunk people in leisure suits thought becoming a 1/52nd owner of a condo was a great idea – maybe even a significant “investment!”
Timeshares, it turns out, are a freaking rip-off. Nothing more than another money-making scam for investors and developers who are now long gone. Can you say, Charles Keating?
Google “timeshare resale” and you’ll see that people today are literally giving them away. I know individuals who bought one for literally 1 dollar.
Why do these timeshares suck so bad that people are giving them away?
Most of these timeshares were sold using the most high-pressure tactics around. A “free” weekend at a “resort” turned into a 4+ hour sales pitch that would make used-car salespeople blush. Appeals like “isn’t your family worth $50 a week (over 10 years) to guarantee you’ll spend time together?”
Insulting. Only a jackass could say such a thing with a straight face.
Oh, and while you are googling “timeshare resale” go ahead and put in “timeshare litigation” and you’ll find 285,000 results.
A great moment in jackass history, the invention of the timeshare!