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Resource ID: #23211
Subject: Housing
Source: The Post and Courrier (Charleston, SC)
Affiliation: 
Date: 2024-04-20

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Description

With major corporations now involved, timeshare buyers face "high-pressure sales tactics, expensive financing, convoluted reservation systems, volatile and steep annual fees and questionable management and a dismal resale market in which owners virtually must give away their units in order to get rid of them." Even as major lawsuits have been field in recent years on behalf of timeshare buyers, "most states do little to regulate the industry and ensure that timeshare units are accurately represented and that the reservation systems are fairly administered."

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