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Anyone who owns real estate knows how valuable it is. Most of the time, it goes up in value, but sometimes there's a market
correction and the price will go down, but not by much, maybe 20% or 30% at the most.
Timeshare based on fixed weeks with a real location goes down in price. You can check this out by how much by looking
on the internet. Someone described it as a "new car" losing money as soon as you drive it off the lot. Despite that,
these timeshare properties could be sold with an agent or on Redweek and Tug for real money. There is still some value in
them.
Recreation Facilities and Vacation Clubs
These are pay-for-use facilities with a membership fee. These would include fitness clubs, tennis clubs, and timeshares based
on points.
I really can't classify timeshare based on points (i.e.vacation clubs) as real estate because there is an incredible lost
of value in this kind of timeshare(95%). If this is called a property, it would be called a "Black Hole" sucking
the money out of you. If it was an automobile, you would have to pay someone to scrap it.
Sounds like timeshare exit companies, doesn't it?
Any company that pretends its timeshare is more valuable than what it is is committing fraud. Any reseller that pretends
the timeshare is more valuable than what it is is doing the same thing. There's a big difference between something worth thousands
of dollars and something worse less than $100.
Look out for smoke and mirrors and timeshare "owner's meetings".
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