The Only Way Out.

[timeos2]

Buy a summer timeshare on the Outer Banks, and you can rent for a nice profit. The strongest demand is Outer Banks Beach Club I and II, followed by Barrier Island Station - Duck, but any oceanfront resort will do. The lowest demand, and ones to avoid are the inland resorts, particularly Barrier Island Station - Kitty Hawk. Use the local brick and mortar timeshare broker. They have been in business since about the dawn of timesharing and do a good job getting summer weeks rented.

Of course, if you own somewhere that is overbuilt in timeshares, it is a different rental story entirely. It is all a matter of where you own, not the fact that it is timeshares. If you can't rent your week, you must either own off season or in an overbuilt area.

IF you want to go to OBX this is a surefire plan. However many (most?) may not want that area. In fact having been there twice if I never go again I won't be at all sad. Whereas the Orlando area - so called overbuilt - remains an attraction for us after nearly 20 years of ownership there and we've never had any issues renting our time if we decided not to use it. It isn't the idea of timeshare it is owning the wrong system/resort and, at least for us, any type of Developer management & control that ruins an otherwise great thing.

[BoardGirl]

In all your posts in this thread you sound like a timeshare salesman.

I may be luck, and luck can run out. When it does you will regret it.

You hit the mother lode of lucky people on this board.

Not sure why you start posting negativity out of the blue. What happened??

Are you looking for people to agree with you, because there are lots of those, you just might not find them on a timeshare enthusiast board.

Is there something we can help you with or do you just need to vent? Cuz that's ok.

[timeos2]

No, but yours is the rare exception which I never heard of and is still nothing that would interest me. 95% of the other ones are scams jokes and nightmares in my opinion and quick estimation.

In the end you do not own property, you own the promise of a week to use. Nothing more.

I can do the same by renting a hotel room and never be tied down to a lifetime of debt.

As Steve says you picked a bad place but using that as the example is as wrong as saying all timeshares are good deals. Depending on where/what you own it can be a great thing or a nightmare. But the concept of timeshare - away from the pressure sales & hype - is solid if yours is run correctly. That usually means an Owner control & reasonable fees.

[timeos2]

Westgate, one of the worst. When I see their downfall in The Queen of Versailles it will be the funniest movie I ever saw.

I would never advise anyone to list with any company that tries to sell or rent your timeshare.

I tell people to not try to get out of it some other way because most likely it's just another scam. Just stop sending the timeshare your payment. Zero, done deal pal.

OMG! Wastegate! No wonder you have the attitude you do. (As a former owner I agree it is the WORST possible place/system to own at. They virtually created the anti-owner/overpriced timeshare rip off model).

I 150% agree with your earlier posts. IF you own at Wastegate stop paying anything to them - never another penny. They will let you out but ignore anything they say or do until they say it's no longer yours. Do anything to get out of the clutches of that group. You are experiencing the very worst of timeshare. Virtually any other ownership is nearly guaranteed to be a better experience than any Wastegate.

[JLB]

It is only good until it is not good, or not needed, and is just an ongoing expense, and that day will come for every owner some day.

Am I sure I didn't say that, after 20 years of using and enjoying our timeshares?

[iconnections]

OMG! Wastegate! No wonder you have the attitude you do. (As a former owner I agree it is the WORST possible place/system to own at. They virtually created the anti-owner/overpriced timeshare rip off model).

I 150% agree with your earlier posts. IF you own at Wastegate stop paying anything to them - never another penny. They will let you out but ignore anything they say or do until they say it's no longer yours. Do anything to get out of the clutches of that group. You are experiencing the very worst of timeshare. Virtually any other ownership is nearly guaranteed to be a better experience than any Wastegate.

How exactly can you get from under? Your post wasn't clear to me. Is there a way that FloridaGuy can do this without having to ruin his credit rating?

[Special Effects Group]

Eldorado resorts are the same, mafia of the year 2000+, i am no longer inside there system... (and no, i couldnt even give it away).

[tonyg]

The resort I own at takes timeshares back for a $ 399 fee and says so in owner newsletters. They have a resale program and are not developer controlled. Timeshares have the good, the bad and the Wastegate.