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13-11.-2007, 03:33 AM
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#1 |
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Registered User
Join Date: Nov 2007
Posts: 4
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Summer rental scams - cycler thoughts?
Hi all, I'm new to the forum but have a lot of questions, hopefully you won't mind!
Every since I was in my twenties I've made a trip (sometimes by car, sometimes by bike) in late summer to the California coast, ordinarily around big sur or a little further south. I find its a good annual sabbatical, there are a lot of opportunities for cycling and other activities to help one relax. Last time I was there someone offered to sell me their local timeshare for what seemed like a fair price, though I avoided him at the time since I'm not one to make deals without research. Anyone have a situation like this (ie, rent a timeshare they use in the summer)? The more I think about it, the more I like the idea. |
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13-11.-2007, 04:06 AM
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#2 | |
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Registered User
Join Date: Oct 2003
Location: Great Smoky Mountains, TN USA
Posts: 6,559
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Re: Summer rental scams - cycler thoughts?
Quote:
Never had one but understand that some companies sell you a specific week but the fine print indicates that you will get a week when available . I would research it carefully before signing anything
__________________
Whenever I can't get excited about riding I just fantasize about someone else's bike. |
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13-11.-2007, 08:14 AM
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#3 | |
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Registered User
Join Date: Jun 2006
Location: Resting by the Tumtum tree
Posts: 6,320
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Re: Summer rental scams - cycler thoughts?
Quote:
In the current real estate market I would not buy anything. Timeshares usually don't make sense anyway, but in a real estate bubble they are a sucker's bet.
__________________
"You are like the wind and I like the lion. You form the tempest. The sand stings my eyes and the ground is parched. I roar in defiance but you do not hear. But between us there is a difference. I, like the lion, must remain in my place. While you like the wind will never know yours." -- Mulay Hamid El Raisuli, Lord of the Riff, Sultan to the Berbers, Last of the Barbary Pirates |
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14-11.-2007, 02:26 AM
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#4 |
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Registered User
Join Date: Nov 2007
Location: US
Posts: 8
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Re: Summer rental scams - cycler thoughts?
Not sure about a real estate bubble but I wouldn't recommend a timeshare to anyone either. They sound like a good deal in most cases until you try to use them, then you find that your week isn't always available. I'm somewhat bitter towards the timeshare industry, I'll admit, because relatives of mine bought "on the bubble," as one might say, and got screwed over. In the end it was cheaper to pay timeshare relief to take the property than to actually sell it. Of course that's a worst case scenario but it could happen. I would at least do the research if you must buy a timeshare, but it sounds like you're doing that.
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