@@TonyCruzProductions Lol do you work for a Timeshare company? Your prices don’t consider the exorbitant interest rates you pay if you decide to finance the purchase. So unless you have the money in full you’re paying a lot more than 20,000. Then this video said you will pay $850 for maintenance which is more than your $700 estimate for what you would pay without a timeshare. It’s a rip off and not worth the $$$

well it used to be AirBnB. But now AirBnb wants volunteer unpaid Customers to spy on AirBnB hosts and report their experience directly to AirBNB (in effort to ensure they are in compliance with all kinds of 'social justice' regulations. If they want me to do that, then they better pay me (just like the diversity consultants get paid huge money. I was able to get them to reverse there nonsense and unsafe decision last year to try and force female hosts that only have a single living space/one bathroom to accept ALL male guests that identify as female (there is zero requirements for a male to identify as female). Also I hear of so many stories of AirBNB hosts putting hidden video cameras with audio everywhere inside/outside the house (and AirBNB is ok with it, unless it is in the bathroom). I am not comfortable having a video camera recording me at all times (supposing I want to make a phone call, or I pick my nose inadvertently). No thanks I am not staying at an AirBnb Place ever again.

And you have the option to choose when and where to go and stay. You get hit with hidden feeeeeees Big Scam

Subotai BINGO!

I paid thousands of dollars now I have to pay thousands of dollars for 8 months just to get out of it

@@bigo3248 My gosh. And I'm buying one for free. Free closing and every thing for free. I have to pay maintenance fees of $139 per year and that's all. I think it is a good deal.

@@luigimario3282 I think it's a terrible deal a trap

@@luigimario3282 I hope you reconsidered. Those maintenance fees will slowly increase over time... forever. Good luck!

In a hotel: none of that.

You have to cook and clean in a timeshare? You know less than the guy in the video?

Hotels don't offer maid service now.

@@wesjimez2941 in what world lmao

@@joshualevandowski2767 Some hotels are not offering maid service due to COVID-19

Because timeshare owners can use the common amenities every day such as pools, gyms, walking trails, boat ramps, library, golf, among others. Many people buy a timeshare near their home just to enjoy the amenities.

Many Timeshares are Villas or basically condos, with significantly more space than a hotel.

There a few reasons but one is bragging rights" People love the idea of saying " I have a condo in Aspen." A lot of misguided Americans live way beyond their means. Even intelligent people like doctors can be susceptible . 350,000 a year is a great salary but some people want to live like they make triple that.

Because timeshares have condos for you all over the world to stay at for a certain price a week.

Luigi Mario All those things come in hotels

We recently met a couple who are members of the Vacation Club and have been trying sell their studio apartment for 14 months. They have have reduced the price by £66,000 and still can’t find a buyer because the maintenance fees and other charges are so extortionate 🥴

His arguments don't apply to the new style of timeshare. Now, many have a point system where you can stay in places all over the world....not just in "Cabo st lucas"

Biden loves timeshare

Yeah this is projected towards old school timeshare and for starters it’s not an “investment” it’s something put in place to take you places you normally never could go using regular money yeah it takes time it’s not magical but very beneficial to most people who who actually vacation and people want to call it a scam but look at all these “get out of your timeshare” commercial and bs they just take your money then say they couldn’t do anything to help lol

Joey VasQuez Or could be some happy owners like myself. I took the time and studied to learn how to use mine to get the maximum benefits. I couldn’t be happier. Everyone doesn’t feel the same way. I understand that and I’m sorry many people are unhappy

@@scottinvirginia6318 nah you were just part of the 1% that got an honest deal

@@jackfarling4989 There are no honest deals! But here’s the surprise. Do you know who the biggest buyers are? The people who bought once, twice, three times or more and use it!

It's hilarious, they're actually in here running the scam. You can't even really be mad at them.

Omg that is hilarious. Now I gotta go watch shrek 3 for that

even the donkey knows

Your opinion is the TRUTH!

They are!! We now have Airbnb and just pay when you stay. You’re not staying in one you don’t pay! Period!!

@@gardenofe12 True! An Airbnb in a 2 bedroom on the water is around $3000 for the week! Just pay it!

Not all of them. Deeded condos you can use all over the world and rent out if you’d like to is completely legit. And over the years, it’s about the same price your gonna spend on hotels anyway. Most condos are much larger and nicer with more amenities and exchange anywhere in the world. It’s not for everyone I agree, however it’s not a “scam”.

Yes they are!!

Why would anyone buy a timeshare when there are hotels you can rent for the day, week, or month and be through with it?

It's a very old scam. Imagine how your grandparents cant use a computer. Now imagine theres no such thing as a computer. No internet. A lot of people fell for this scam. Now it's essential oils

Because some timeshares offer great year round common amenities for owners such as gyms, heated pools, walking trails, bars, cafeteria, library, gated surveillance, among many others. A room is good for 1 week out of a year but the common areas can be used every day by deeded timeshare owners. I would buy the one that offers the most amenities near my house.

Their are some benefits for sure, for example if you own at a high cost resort, like a ski resort in vail/park city/ where the rooms are 700-1000 a night minimum, you can get a good value...but for the most part it, timeshares can be a very bad investment and a lot of owners get stuck with them

@@loosescrews7055 Because timeshares offer its owners year round use of the common amenities such as heated pools, gyms, golf, hot tubs, gas BBQs, office lobby, gated surveillance, walking/running trails, among others. All these just for $139 a year in maintenance fees. Note that some timeshares charge more than others. Do I rather go to a public pool or a timeshare pool? Timeshare pools are typically In better shape and more luxurious.

Thank you this was extremely helpful

It would be far better to never sign that contract in the first place, right?

Or perhaps they saw how they spelled buy as "by" in the title and immediately thumbed it down.

Wrong. They're timeshare sales reps.

Were your parents successful in exiting their timeshare contract?

Or just, you know... Rent a hotel room... This way you can travel to a diferent place each year and not one spot for 50 years... I swear this scam could only happen in America with people still believing in the American dream lmao

🏆👍😂

And you wasted time of your life with those scumbags, how smart is that you give the most valuable in your life , TIME, that will never go back to you, we won once again

The small issue is these fees keep growing and growing... People who could afford to pay like 20k couldn't afford fees at some point hence why they got rid of it.

Also no offence, maybe Europe is cheaper or something but if I were to go on holiday for let's say 2 weeks, a thousand dollars would get me like best place ever... Also I could travel to different places instead of going to the same apartment every year for the rest of my life,although that's more of a preference thing.

@@aw2584 yep the fees never stop going up. They make out in the end regardless.

@@aw2584 Dude it's $150-200/night for the nice hotel room at any decent vacation location. But no way I would ever get a timeshare they are terrible.

Yeah buy a timeshare for pennies, but committing yourself to a lifetime of annual fees, unless you find another sucker to buy it.......great plan dude🤣🤣

Please explain more

So did you got rid of it ??

@timothywebster5529 The retail cost is very high, and the resale value is almost nothing. You can buy resale for pennies on the dollar. A lot of people buy and take out a loan, which is a huge mistake. The interest rates are relatively high, it's like a personal loan because there's no valuable asset to back it up.

You definitely lying you win for the $400 that they offer you

Can you cancel that membership if you needed to?

@@Mitzi73 Yes you can because you’re not locked into a contract like you would with timeshares. However if you love to travel and do so frequently, why would you want to. I didn’t pay $10,000 or $20,000 for it like some did for Timeshare. I’m not gonna spend that amount of money on something I can’t use as a Tax write off. I might as well be throwing my money away.

Facts agreed.

Yes there is, but it's shitty equity. It's like selling your stock for 1/3 of what you bought it for.

There's so many bad ones out there that I bet would be hard to find a good one if you really wanted one

Get out of if

@@shalana19 how

@@syedaanna7858 research for timeshare exit teams on Google there are plenty of them, a good one I know is Wesley but it’s expensive, there’s primo and a lot more just look for the legit ones with real reviews cause some of them are scams, they claim they can get u out but it’s a lie. Look for one with 100% money back garantie if they can’t get u out

Sell it on eBay. You can contact the agents there. Hiring a lawyer is expensive. Hiring a salesman is free since they charge the closing costs to the buyer.

Do you have to pay the maintenance fee in one lump sum?

Right, you should never buy a timeshare.

Probably zero

They’ll lie if you ask them, so ya, they all own timeshares

Yeah, I got to the big salesman yesterday. He told me his rent was $2600 month. Which tells me he wasn't smart enough to buy a house in this area.

Lol, apparently not, or at least they haven't changed it yet.

No, it's not! Good buy!

And sometimes with free closing. 😂. I feel bad for the owners that paid thousands just to give it away

Go to redweek or eBay for an idea of how much it is to maintain a timeshare. Owners are paying all closing costs just to get rid of their timeshare. The average maintenance fee per week for a an annual 1bd/1bth is $800. There is nothing for $300 a week. The cheapest I have seen is for $420 a week in a 3 star resort.

Wow. There is a lot to break down. RCI: You may want to call RCI to get the particulars on this, but I suspect the answer is "no" not as it was described to you. I have seen in the past RCI offer properties for money, but it was at the resort's discretion. Such as a new property with a bunch of unsold units and the sales team offered it to RCI guests to it to generate much needed cash flow (sales must pay for the upkeep of a property on unsold inventory). Star ratings: Timeshares are not rated like hotels. Timeshare properties are rated by RCI or their competitor, Interval International (I.I.). RCI rates a property either Gold Crown (I.I. calls this 5-star) or Silver Crown (I.I has no rating for this) or no rating at all. There is no 1-star to 5-star ratings for timeshares as there is for hotels. To be rated is based on 1) Did RCI guests who trades into it have a good experience? 2) Did the resort have the amenities required to be rated? 3) Did it pass RCI inspection when they paid them a visit? Trading Power: In terms of getting into RCI properties in general, RCI does not operate on a first-come-first-serve basis. Instead, they operate on "Trading Power." The timeshare you own will determine what you can trade into (properties of equal demand). A timeshare owner w/ a property in Minnesota isn't going to trade into Hawaii regardless how nice it is - the demand for MN just isn't there. Owning properties in oversaturated timeshare locations (Orlando FL) also drives the Trading Power down. Hopefully where you purchased is of equal demand of where you want to go. I apologize for the length of this response, but I hope it was helpful.

No. It's limited. It's a major headache. Better off just sticking with travel agencies and travel packages to go overseas honestly.

When you check in at some of these resorts, you have sit through a 2 hour presentation and sales pitch. I just went to one yesterday because I live on the beach and got hooked by of the booths. Run from these time shares!

People would do much better to go to a hotel or rent a timeshare facility. A Timeshare ownership is a depreciating asset and as such a very bad "investment."

If it was only the maintenance fee that is around the same price as booking a hotel room it still would not be a good deal. That is because you still pay the maintenance fee even if you do not go unlike a hotel booking that never happened would cost you nothing. Also, many timeshares have restrictions on the timeframe/dates you can use it unlike a hotel room booking.

@@randys6220 That is why I go to the vacation place no matter what happens. I can stretch my limited points to about 4 weeks a year go during a peak season and go high end and use all my points towards 1 week. I learned that Hilton will take back my timeshare when I am ready to give it back to them. Knowing that, I'll just get some use out of it before that happens.

Why would you want to buy a timeshare with credit when there are many on ebay and redweek for free. You would just pay around $750 for transfer of ownership. Sometimes even the owner will pay for that.

You should be glad!

@@TheRick517 I've always felt left out for not having one, it's like being treated like a second class citizen with less privileges than even the average person.

@@timelessmusicfamilymusic9175 If you view yourself lower than the average person im sorry but you got low self esteem and money isnt going to fix that. Especially if you are borrowing money from the bank.

@@ChillinHD I don't need to borrow from the bank, I've got plenty, I've always saved money since I was very young, I just never made a lot of money, just saved a lot of money through my entire life time. They go by your income, NOT by what you have in the bank. It's like the old saying, "It's' not what you EARN, but it's what you SAVE that matter's most💸".🤷‍♂️

Are you a lawyer ? How do you get people out?

Because its a scam targeting vulnerable people. Not like mentally vulnerable, but it's a scam in the sense that it targets lower class people and tricks them into thinking this is like their way in into a rich lifestyle; like rich people have 2nd and 3rd vacation homes, you can do too, but only pay when you use it! Sounds genous...for Americans. Hence why this scam never took off in Europe or Asia; having a 2nd or 3rd home isn't something one would brag about, plus the concept of an American dream is laughed at worldwide but that's a long story.

He was the 2nd President of the United States of America

@@cameronfife8757 lookin' good for being 284 years old

He's John Adams.

He's a man. His first name is John and his last name is Adams.