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What is an Investment?

An investment is a product or vehicle whereby your deposit (in this case your taxed money) into something on the understanding that you have chance of increasing your investment/deposit equity. Of course investments can go up or down and dependent upon the risk applied. The investment return, benefits and expectations will vary and dependant on the risk applied. Large risky investments will attract higher rewards, whilst low risk investments will attract lower rewards. In short the yield on the investment is based upon the risk the investor takes.

In respect to timeshare you are (if presented that way) investing into a product that is not easily liquidated, attracts long terms maintenances costs (which are variable) and upon acquisition attacks an extensive devaluation of the investment with regards to re sale is real.

If a consumer/investor intends to or is persuade to can enter a timeshare product for the long term and with the hope that at some future date they will reap a reward they are in short are deluded or deluding themselves. Harsh but non the less real

If you consider timeshare as an investment then that investment can only be considered as very long term investment. Consumers therefore have to consider the events which might occur in the future which will affect their investment and when addressing these issues investors are reminded of the events which took place in 2014.

With regards to two resorts manager at Palm Beach Resorts and MacDonalds Resorts they changed the constitutions of the clubs which maintain their timeshare resorts. In these two situations and after the consumers and investors have held there timeshare for many years and at significant cost, both resorts managers proposed (and had passed by the clubs) new constitutional rules whereby the investments/timeshares have been taken off the investor/consumers and for no enrichment. In short they have lost everything. In truth and in opposition to the changes in the constitution the resorts actually charged the investors for having their investments/timeshare removed and against their will.

Is this what you would determine as an investment whereby you the investor have a realistic prospect generating extra income or value?

Other Considerations

There are a vast number of owners trying to rid themselves of their timeshares ownership especially during this time of financial crisis.

They want relief from the ever escalating fees associated with timeshare and some are having a hard time in doing so.

Timeshare packages remain in the market and the liabilities associated with their timeshare properties continue to tie people down. Selling the timeshare ownership is doubly difficult these days, because of the financial downturn that the economy is experiencing as you cannot simply just run away from your contractual responsibility you have with the products you purchased. So, regardless of your circumstance, you are forced to keep your timeshares and discharge the corresponding maintenance and other associated fees.

 

For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk